Great City BuilderGreat City Builder 's balance sheet data at May 31, 2018 , and June 30, 2018 , follow:May 31, 2018 June 30, 2018Total Assets $155000 202000Total Liabilities $144000 77000Begin by identifying the accounting equation and the formula to calculate the change in the stockholders' equity during a periodFor each of the following situations that occurred in June, 2018 with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2018. a. The company issued $7,500 of common stock and paid no dividends. b. The company issued no common stock. It paid cash dividends of $9,000. c. The company issued $ 12 comma 000$12,000 of common stock and paid cash dividends of $8,000.
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