able[[Current,7,000,Long term Assets,22,000],[Assets,7,000,Beginning retained,12,000],[Total,,earnings,],[Liabilities,1,500,Net Income (Loss),???
Current Assets Total Liabilities Dividends Paid Common Stock
7,000Long term Assets
22,000
7,000 Beginning retained earnings 1,500 Net Income (Loss)
12,000
iii
5,000
A. Solve for net income (loss) (Hint: use the accounting equation) B. What was the ending retained earnings? C.BONUS: Is this company profitable? What indicators are there?
A