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Question 1 of 2 During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned

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Question 1 of 2 During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $35,000 of revenues and incurred $23,000 of expenses. A cash dividend of $2,000 was paid to Anthony. At the end of the year, the company's equity totaled: $13,000 $15,000 $25,000 $75,000 submit answer& continue

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