Compute the following-the change in stockholders equity

Reference no: EM131811915

Shirt Company's total assets were $35,000 and total liabilities were 18,000. During the year, assets increased by $20,000 and liabilities increased by $12,000. Revenue for the year was $40,000. Dividends declared and paid were $5,000. Compute the following: The change in stockholders' equity: ____ Net income or (net loss): _____ Stockholders' equity at 12-31-17 _____

Reference no: EM131811915

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