A corporation had the following assets and liabilities at the beginning and end of this year. Assets Liabilities
Beginning of the year
$ 145,000 $ 62,162
End of the year 189,000 76,545
Owner made no investments in the business, and no dividends were paid during the year.
Owner made no investments in the business, but dividends were $800 cash per month.
No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock.
Dividends were $800 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock.