Question - Calculate net income and stockholders' equity
Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $43,500; Liabilities = $20,500; Dividends = $2,140; Revenues = $13,100; Expenses = $8,200.
1) Calculate net income.
2) Calculate stockholders' equity at the end of the period.