Exercise 1-4 (Algo) Calculate net income and stockholders' equity (LO1-2) Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $35,000; Liabilities = $19,500; Dividends = $1,500; Revenues = $11,000; Expenses = $7,500. Required: 1. Calculate net income. Net income 2. Calculate stockholders' equity at the end of the period. Stockholders' equity Prev 1 of 4 www Check my work Next > 4

Exercise 1-4 (Algo) Calculate net income and stockholders' equity (LO1-2) Eagle Corporation operates Magnetic Resonance Imaging (MRi) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts Assets =$35,000; Llabilities =$19,500; Dividends =$1,500, Revenues = $11,000, Expenses =$7,500 Required: 1. Calculate net income 2. Calculate stockholders' equity at the end of the period