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Consider Southeast Home Care, a nonprofit business. in 2011 its net income was $1,500,000 and it distributed $500,000 to owners in the form of dividends.

Consider Southeast Home Care, a nonprofit business. in 2011 its net income was $1,500,000 and it distributed $500,000 to owners in the form of dividends. Its beginning of year equity balance was $12,000,000. Use this information to construct the business's statement of changes in equity. What is the ending 2011 value of the business's equity account?

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