Question

Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the

company reports the following amounts: Assets = $41,000; Liabilities = $22,500; Dividends = $2,100; Revenues = $12,200; Expenses =
$8,100.
Required:
1. Calculate net income.
Net income
2. Calculate stockholders' equity at the end of the period.
Stockholders' equity

Answer 1

Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the

company reports the following amounts: Assets = $41,000; Liabilities = $22,500; Dividends = $2,100; Revenues = $12,200; Expenses =

$8,100.

Required:

1. Calculate net income.

Net income

2. Calculate stockholders' equity at the end of the period.

Stockholders' equity