Newton Corporation began operations on January 2, 2010, with a total investment of $150,000 by its stockholders. Net loss for its first year of business was $20,000. During 2011 and 2012, net income increased to $120,000 and $150,000, respectively. Newton paid $50,000 per year in dividends to its shareholders in 2011 and 2012.

Question

Newton Corporation began operations on January 2, 2010, with a total investment of $150,000 by its stockholders. Net loss for its first year of business was $20,000. During 2011 and 2012, net income increased to $120,000 and $150,000, respectively. Newton paid $50,000 per year in dividends to its shareholders in 2011 and 2012.
Newton Corporation began operations on January 2, 2010, with a total investment of $150,000 by its stockholders. Net loss for its first year of business was $20,000. During 2011 and 2012, net income increased to $120,000 and $150,000, respectively. Newton paid $50,000 per year in dividends to its shareholders in 2011 and 2012.

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The Answer of Newton Corporation began operations on January 2, 2010, with a total investment of $150,000 by its stockholders. Net loss for its first year of business was $20,000. During 2011 and 2012, net income increased to $120,000 and $150,000, respectively. Newton paid $50,000 per year in dividends to its shareholders in 2011 and 2012.

Newton Corporation Began Operations on January 2, 2010, with a Total