Respuesta :
Answer and Explanation:
The computation of the net income earned or net loss incurred is shown below
Particulars          a         b          c           d
Equity beginning    $32,564   $32,564    $32,564      $32,564
balance
Add:
Owner investment                       $45,000     $35,000
Less:
Dividend                     $16,800                $16,800
Add: Net income    $35,861     $52,661   Â
or net loss                              ($9,139)     $17,661
Equity ending Â
balance          $68,425     $68,425     $68,425      $68,425
Working notes
The beginning and ending equity balance is
Beginning equity balance is
= Total assets beginning - total liabilities beginning
= $57,000 - $24,436
= $32,564
Ending equity balance is
= Total assets ending - total liabilities ending
= $115,000 - $46,575
= $68,425
The annual year dividend is
= $1,400 × 12 months
= $16,800