30.At the end of 2013, Crandall Company reported the following amounts on its balance sheet: Cash$8,100 Accounts receivable32,400Equipment26,000Land 120,000Accounts payable31,500Common stock95,000Retained earnings60,000Answer each of the following independent questions:Assume that Crandall’s stockholders’ equity on January 1, 2013 was $132,000. Crandall did not issue common stock during the year, but it paid $18,000 cash in dividends. How much is Crandall’s net income or loss for 2013?Assume that Crandall’s stockholders’ equity on January 1, 2013 was $118,000, and that Crandall issued additional common stock of $35,000 and paid $30,000 in cash dividends before the end of 2013. What was Crandall’s net income or net loss for 2013?

Question 1 Stock holder Equity in beginning= 132000 Equity= 95000…

Answered: At the end of 2013, Crandall Company…

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30.

At the end of 2013, Crandall Company reported the following amounts on its balance sheet:

Cash	$8,100
Accounts receivable	32,400
Equipment	26,000
Land	120,000
Accounts payable	31,500
Common stock	95,000
Retained earnings	60,000

Answer each of the following independent questions:

Assume that Crandall’s stockholders’ equity on January 1, 2013 was $132,000. Crandall did not issue common stock during the year, but it paid $18,000 cash in dividends. How much is Crandall’s net income or loss for 2013?
Assume that Crandall’s stockholders’ equity on January 1, 2013 was $118,000, and that Crandall issued additional common stock of $35,000 and paid $30,000 in cash dividends before the end of 2013. What was Crandall’s net income or net loss for 2013?

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