San Fran 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.

a. Assume it is a not for profit org. What was its net income for the period?

b. Now assume that San Fran is an investor owned business:

• Assuming zero dividends, what was San Fran's net income?
• Assuming $200,000 in dividends, what was its net income?
• Assuming $200,000 in dividends and $300,000 in additional stocks sales, waht was San Fran's net income?