E1-5: Accounting Equation A. X= $160, 000 B. X= $

E1-5: accounting equation a. X= $160, 000 b. X= $ 77, 000 c. X= $448, 000E1-8: et income and stockholders’ equity for four businessesNet income and stockholders' equity for four different companies: Net Income (or loss) of Company C = chang, H = henry, N=nagel and W=wilcox 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$225.0005225.000Company C Net Income =Owners Equity during the year + Dividend paid - Capital Stock issued =$90,000+$90,000 -$125,000 =$305,000Net Income=Owners Equity during the year + Dividend paid - Capital Stock issued =$90,000 + $0 - $0=$90,000Therefore, Net Profit of company C is 90, 000Company HNet Income=Owners Equity during the year + Dividend paid - Capital Stock issued =$90,000+$90,000 - $0=$180,000Therefore, Net Profit of company H is 180, 000Company NNet Income=Owners Equity during the year + Dividend paid - Capital Stock issued =$90,000+$0-$125,000=($215,000)Therefore, net profit (loss) of company N is $215,000Company WNet Income=Owners Equity during the year +