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Mountain Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the same year, its equity balance
Mountain Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the same year, its equity balance was $1.98 million. A. Assuming that Mountain is a not-for-profit organization, what was its estimated net income for the year? B. Assuming that Mountain is a for-profit organization, what was its estimated net income for the year: i. Assuming it paid zero dividends to stockholder(s)? ii. Assuming it paid $200,000 in dividends to stockholder(s)? Find the missing values (a-l) for each of the following financial statements, assuming that each organization is not-for-profit and 100% of operatinget income flows directly to the organizational equity account each year
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