Wildhorses shareholders equity consists only of common shares and retained earnings. Using the change in...
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Wildhorses shareholders equity consists only of common shares and retained earnings. Using the change in total shareholders equity calculated in the above part, calculate the net income or loss for the year ended December 31, 2021, assuming each of the following independent scenarios: 1. Wildhorse issued no common shares during the year and did not declare any dividends. Net income or loss $enter the net income or loss amount 78000 2. Wildhorse issued no common shares during the year and declared and paid dividends of $13,000. Net income or loss $enter the net income or loss amount 3. Wildhorse issued $39,000 of additional common shares during the year and did not declare any dividends. Net income or loss $enter the net income or loss amount 0 4. Wildhorse issued $26,000 of additional common shares during the year and declared and paid dividends of $13,000. Net income or loss $enter the net income or loss amount
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