incing, and Cash Flows 379 END-OF-CHAPTER PROBLEMS 12.1 Middleton Clinic had total assets of $500,000 and an equity balance of $350,000 at the end of 2015. One year later, at the end of 2016, the clinic had $575,000 in assets and $380,000 in equity. What was the clinic's dollar growth in assets during 2016, and how was this growth financed? 12.2 San Mateo Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the year, its equity balance was $1.98 million. Assume that San Mateo is a not-for-profit organization. What was its net income for the period? 12.3 Here is the financial statement information on four not-for-profit clinics: Pittman Rose Beckman Jaffe December 31, 2015: $150,000 $ 80,000 $100,000 50,000 d 60,000 8 $ 75,000 45,000 i a 90,000 Assets Liabilities Equity December 31, 2016: Assets Liabilities Equity During 2016: Total revenues Total expenses b 55,000 45,000 130,000 180,000 62,000 h k 80,000 145,000 e 110,000 400,000 i 500,000 330,000 f 360,000