Total assets were $72,000 and total liabilities were $39,000 at the beginning of the year Net income for the year was $14,000, and dividends of $3,500 were declared and paid during the year Assume that no other changes occurred during the year Required Calculate total stockholders' equity at the end of the year Indicate the financial statement effect Note Enter decreases with a minus sign to indicate a negative financial statement effect Beginning Changes Changes Ending Assets Liabilities $ 39,000 $ 72,000 11 Stockholders' Equity $ Total assets were $72,000 and total liabilities were $39,000 at the beginning of the year Net income for the year was $14,000, and dividends of $3,500 were declared and paid during the year Assume that no other changes occurred during the year Required Calculate total stockholders' equity at the end of the year Indicate the financial statement effect Note Enter decreases with a minus sign to indicate a negative financial statement effect

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Total assets were $72,000 and total liabilities were $39,000 at the beginning of the year  Net income for the year was $14,000, and dividends of $3,500 were declared and paid during the year  Assume that no other changes occurred during the year  Required  Calculate total stockholders' equity at the end of the year  Indicate the financial statement effect  Note  Enter decreases with a minus sign to indicate a negative financial statement effect  Beginning  Changes  Changes  Ending  Assets   Liabilities   $ 39,000   $ 72,000   11   Stockholders' Equity $ Total assets were $72,000 and total liabilities were $39,000 at the beginning of the year  Net income for the year was $14,000, and dividends of $3,500 were declared and paid during the year  Assume that no other changes occurred during the year  Required  Calculate total stockholders' equity at the end of the year  Indicate the financial statement effect  Note  Enter decreases with a minus sign to indicate a negative financial statement effect

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Total assets were $72,000 and total liabilities were $39,000 at the beginning of the year. Net income for the year was $14,000, and dividends of

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