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How much is Lunar net income or loss

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Question - 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

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: EM133047753

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