Homework: Ch1-HW Score: 3.57 of 5 pts &E1-23 (similar to) Save 1 of 2 (1 complete) HW Score: 17.86%, 3.57 of 20 pts Question Help During 2018, Gentile Breeze Spa reported revenue of $55,000. Total expenses for the year were $35,000. Gentile Breeze Spa ended the year with total assets of $50,000, and it owed debts totaling $15,000. At year-end 2017, the business reported total assets of $30,000 and total liabilities of $15,000. Read the requirements Requirement 1. Compute Gentile Breeze Spa's net income for 2018. Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income. Revenues Expenses s Net Income S 55,000 35,000 20,000 Requirement 2. Did Gentile Breeze Spa's stockholders' equity increase or decrease during 2018? By how much? Gentile Breeze Spa's stockholders' equity during the year by S