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How much is lunar net income or loss

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Reference no: EM132940653

At the end of 2021, Lunar Company reported the following amounts on its balance sheet:

Cash 27600

Accounts Receivable 129100

Equipment 78,300

Land 250,000

Accounts payable 105,000

Common Stock 200,000

Retained Earnings 180,000

Stockholders equity 310,000

Cash dividends 15,000

Problem 1: Assume that Lunar's stockholders' equity on January 1, 2021 was $310,000. Lunar did not issue common stock during the year, but it paid $15,000 cash in dividends. How much is Lunar's net income or loss for 2021?

Reference no: EM132940653

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