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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
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 $36,000; Liabilities $20,000; Dividends = $1,600; Revenues = $11,200; Expenses = $7,600. Required: 1. Calculate net income. Net income $ 3,600 2. Calculate stockholders' equity at the end of the period. Stockholders' equity $ 14,400
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