Find out the clinic equity balance

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San Diego Clinic, a not-for-profit organization, reported an equity balance of $2,540,600 on its December 2019 balance sheet. Assuming San Diego Clinic reported net income of $324,840 for the year ended December 31, 2019, and had no other adjustments to equity during 2019, what was the clinic's equity balance as of December 31, 2018?

Reference no: EM133002151

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