2010

399,390 - 254,020 = 145,370 current SE

145,370 - 104,010 = 41,360 increase in SE

41,360 + 14,126 = $55,486 net income

2011

460,150 - 300,620 = 159,530 current SE

159,530 - 145,370 = 14,160 increase in SE

14,160 - 50,579 = -$36,419 net loss

2012

594,030 - 395,510 = 198,520 current SE

198,520 - 159,530 = 38,990 increase in SE

38,990 - 11,914 + 27,718 = $54,794 net income

Lily Company had the following assets and liabilities on the dates indicated.

December 31 / Total Assets / Total Liabilities

2010 / $399,390 / $254,020

2011 / $460,150 / $300,620

2012 / $594,030 / $395,510

Lily began business on January 1, 2010, with an investment of $104,010 from stockholders.

From an analysis of the change in stockholders' equity during the year, compute the net income (or loss) for: (If a net loss, record amount using either a negative sign preceding the number eg -45 or parentheses eg (45).)

(a) 2010, assuming Lily paid $14,126 in dividends for the year.

$



(b) 2011, assuming stockholders made an additional investment of $50,579 and Lily paid no dividends in 2011.

$



(c) 2012, assuming stockholders made an additional investment of $11,914 and Lily paid dividends of $27,718 in 2012

$