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1. At the end of the fiscal year of 2020, Howdy Construction Co., Inc. has the following financial profile (all figures are in dollars): Total

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1. At the end of the fiscal year of 2020, Howdy Construction Co., Inc. has the following financial profile (all figures are in dollars): Total Assets: $2,450,000 Total Liabilities: $1,860,000 Total revenue: $365,000 Total expenses: $283,450 a. What is the total equity of the company? b. What is the net income after taxes? (Assume a 21% tax rate) c. Did the equity increase, decrease or remain the same compared to FY 2019? Why

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