Question 4 of 12
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During 2022, Aslan Corporation reported sales revenue of $5,000,000, sales returns of $200,000 and net income of $1,600,000.
Aslan's capital structure at the beginning and end of the year was:
Liabilities
1/1/22
12/31/22
$1,500,000
$1,650,000
Stockholders' equity
2,350,000
2,500,000