Oriole Company had the following assets and liabilities on the dates indicated.
December 31 Total Assets Total Liabilities
2018 $468,000 $195,000
2019 $548,000 $245,000
2020 $678,000 $345,000
Oriole began business on January 1, 2018, with an investment of $92,000 from stockholders. From an analysis of the change in stockholders’ equity during the year, compute the net income (or loss) for:
a) 2018, assuming Oriole paid $20,000 in dividends for the year. Net income (loss) for 2018. Enter the net income or loss for 2018 in dollars.
b) 2019, assuming stockholders made an additional investment of $44,000 and Oriole paid no dividends in 2019. Net income (loss) for 2019. Enter the net income or loss for 2019 in dollars.
c) 2020, assuming stockholders made an additional investment of $21,000 and Oriole paid dividends of $34,000 in 2020. Net income (loss) for 2020. Enter the net income or loss for 2020 in dollars