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 = $30,000; Liabilities = $17,000; Dividends = $1,000; Revenues = $10,000; Expenses = $7,000.

Required:

1.Calculate net income.

2.Calculate stockholders' equity at the end of the period.