Assets $ 84,630
Liabilities ?
December 31, 2011
Assets 93,840
Liabilities 74,133
During year 2011
Stock issuances 6,500
Net income (loss) 7,281
Cash dividends 11,000


- Calculate the amount of liabilities for Company E on December 31, 2010

First you have to find 2011 equity. Your formula is:

Equity = Assets - Liabilities

Now you can find 2010 equity. Your formula is:

Ending Equity = Beginning Equity + Stock Issuances + Net Income - Cash Dividends
Rewritten as:
Beginning Equity(2010) = Ending Equity(2011) - Stock Issuances - Net Income + Cash Dividends

Now you can solve for 2010 Liabilities. Your formula is:
Liabilities (2010) = Assets (2010) - Equity (2010)