2) Cougars Accounting Services provides low-cost tax advice and preparation to those with financial need. At the end of the current period, the company reports the following amounts: Assets = $18,400; Liabilities = $14,700; Revenues = $27,400; Expenses = $32,700.

Required:

A. Calculate net loss.

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

4) 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 = $42,000; Liabilities = $23,000; Dividends = $2,200; Revenues = $12,400; Expenses = $8,200.

Required:

A. Calculate net income.

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