Homework: Chapter 1 Exercises Sarve Score: 0.71 of 1 pt 14 of 15 (6 complete) HW Score: 36 21%, 5.43 of 15 pts E1-23 (similar to) Question Help During 2018. Whisper Creek Spa reported revenue of $42.000. Total expenses for the year were $39,000 Whisper Creek Spa ended the year with total assets of $23,000, and it owed debts totaling $10,000. AL year-end 2017, the business reported total assets of $20,000 and total abities of $10.000 Read the requirements Requirement 1. Compute Whisper Creek Spa's net income for 2018 Begin by identifying the formula to calculato net income and then enter the amounts to solve for not incomo Revenues Expenses Not Income 42,000 39,000 $ 3,000 $ Requirement 2. Did Whisper Creek Spa's stockholders' equily increase or decrease during 2018? By how much? Whisper Creek Spa's stockholders' equily during the year by Requirements X 1. Compute Whisper Creek Spa's not income for 2018 2. Did Whisper Creek Spa's stockholders' equity increase or decrease during 2018? By how much? Choose from any list or enter any number in the input fields and then click Check Answer Print Done All parts showing Type here to search RI 705 PM