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Jenkins Catering started the year with total assets of $ 2 0 , 0 0 0 and total liabilities of $ 5 , 0 0

Jenkins Catering started the year with total assets of $20,000 and total liabilities of $5,000.During the year, the business recorded $16,000 in catering revenues and $8,000 in expenses. The company issued stock of $3,000 and paid dividends of $5,000 during the year. What is the stockholders' equity at the end of the year? The net income? The stockholders equity changed by what amount from the beginning of the year to the end?

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