Module $1/$Chapter $1$

Help

$1$

Exercise $1-4($Algo$)$ Calculate net income and stockholders' equity $($LO$1-2)$

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 $=$$$41,000$; Liabilities $=$$$22,500$; Dividends $=$$$2,100$; Revenues $=$$$12,200$; Expenses $=$

$1\mathrm{.}8$

$$8,100.$

points

Required:

Skipped

Calculate net income.

Net income

Print

References

$2.$ Calculate stockholders' equity at the end of the period.

Stockholders' equity