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Current Attempt in Progress Presented below are data for Sunland Company 2020 $8848 4858 2021 $9728 Assets, January 1 Liabili

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Answer #1

$4283

Step-1:Calculation of stockholder's equity as on Jan. 1. 2020
Assets, January 1 $       8,848
Liabilities, January 1 $       4,858
Stockholder's Equity, Jan. 1 $       3,990
Step-2:Calculation of stockholder's equity as on Jan. 1. 2021
Stockholder's Equity, Jan. 1, 2020 $       3,990
Add net income for the year 2020 $       1,915
$       5,905
Less Dividends $       1,622
Stockholder's Equity, Jan. 1, 2021 $       4,283
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