During 2024, Flowing Rivers Spa reported revenue of $30,000. Total expenses for the year were $15,000. Flowing Rivers Spa ended the year with total assets of $43,000, and it owed debts totaling $14,000. At year-end 2023, the business reported total assets of $28,000 and total liabilities of $14,000. Read the requirements. Requirement 1. Compute Flowing Rivers Spa's net income for 2024. Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income. Revenues 30000 Expenses 15000 Net Income 15000 Requirement 2. Did Flowing Rivers Spa's stockholders' equity increase or decrease during 20247 By how much? Flowing Rivers Spa's stockholders' equity increased during the year by