3. XYZ Corp. just began business today. At the end of the day, it has $25,000 in assets and $14,000 of liabilities on its books. What is its shareholders' equity as of today? O $39,000 $25,000 O $11,000 It can't be determined from the information given; you would also need to know the net income. 4. Smarty Consulting has just concluded its first year of business and has the following information to report: assets at the end of the year equal $20,000 revenue for the year was $125,000 operating expenses for the year were $40,000 liabilities at the end of the year equal $10,000. Its net income for the year is O $95.000 O $85,000 O $145,000 O $115,000 14. Natasha is 35 years old, single, and a college graduate. She has been employed full-time as a police officer for 12 years. Her annual salary is $91,000. About five months ago she purchased a condominium for $330,000, putting $110,000 of her savings down and taking out a mortgage loan of $220,000 to make the purchase. The lender charged her 2 points to get a 30-year, fixed-rate loan with a below-market interest rate, which she opted for because she expects to keep this condominium for the full 30 years of the loan. So, she appreciates that over the course of the loan, she will be paying much less in interest due to the lower rate, so much lower that she did the math and found that paying two points was worth it for the lower rate. How much did she pay in points? O $6,600 O $2,200 O $3,300 O $4,400 None of the above is correct