Question

CHEER my work Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts Assets = $48,000, Liabilities = $26,000. Dividends = $2,800; Revenues = $13,600; Expenses = $8,800 Required: 1. Calculate net income Not income ... 2. Calculate stockholders' equity at the end of the period Stockholders' equity Prex 1 of 9 !! Next >

Answer 1

1
Revenues	13600
Less: Expenses	8800
Net Income	4800
2
Assets	48000
Less: Liabilities	26000
Stockholders' Equity	22000