Toth Company had the following assets and liabilities on the dates indicated.
December 31
Total Assets
Total Liabilities
2014
$478,078
$310,853
2015
$558,078
$360,853
2016
$688,078
$460,853
Toth began business on January 1, 2014, with an investment of $96,421 from stockholders.
From an analysis of the change in stockholders’ equity during the year, compute the net income (or loss) for:
(a) 2014, assuming Toth paid $19,203 in dividends for the year.
Net income (loss) for 2014
$
(b) 2015, assuming stockholders made an additional investment of $44,346 and Toth paid no dividends in 2015.
Net income (loss) for 2015
$
(c) 2016, assuming stockholders made an additional investment of $22,452 and Toth paid dividends of $34,839 in 2016.
Net income (loss) for 2016
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