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 $50,000; Liabilities $27,000; Dividends $3,000; Revenues- $14,000; Expenses $9,000. Required: 1. Calculate net income. Net income $ 7,000 2. Calculate stockholders' equity at the end of the period. Stockholders' equity $ 7,000 Below are the account balances for Cowboy Law Firm at the end of December. Balances $ 5,400 Accounts Cash Salaries expense 2,200 Accounts payable 3,400 Retained earnings 3,900 Utilities expense 1,200 Supplies 13,800 Service revenue 9,300 Common stock 6,000 Required: Use only the appropriate accounts to prepare an income statement. COWBOY LAW FIRM Income Statement For the Period Ended December 31 Expenses: Total expenses