Company CNet income and stockholders' equity for four different companies:Net Income (or loss) of Company C, H, N and W can be determined by calculating the Change in owners' equity during the year (Excluding dividend paid and Capital Stock Issued)Owners' Equity = Assets - LiabilitiesCalculation of change in EquityParticularsCompanyC (Amount in $)H (Amount in $)N (Amount in $)W (Amount in $)Beginning of yearAssets775,000775,000775,000775,000Liabilities(400,000)(400,000)(400,000)(400,000)A (Assets- Liabilities)Owners' Equity375,000375,000375,000375,000End of yearAssets$900,000$900,000$900,000$900,000Liabilities(300,000)(300,000)(300,000)(300,000)B (Assets- Liabilities)Owners' Equity600,000600,000600,000600.000Change in Equity(B-A)Owners' Equity$225.000$225.000$225.0005225.000So Net Income can be determined by the below mentioned equation:Net Income=OwnersEquity during the year + Dividend paid - Capital Stock issued