Use the following information to calculate for the year ended December 31, 2014 (a) net income (net loss), (b) ending retained earnings, and (c) total assets. 
Definitions:
Inability to Raise Funds
Describes a situation, often in political campaigns or non-profit organizations, where there is a significant challenge or failure in generating the necessary financial support to sustain operations or reach goals.
Declaration of Independence
The historical document in which the Thirteen Colonies declared themselves independent from British rule in 1776.
Legitimacy of New Nation
The recognition and acceptance by the international community and its own citizens of a newly established country's sovereignty and governance.
Foreign Governments
The governing bodies of nations other than one's own, with which diplomatic, economic, and political relations may be engaged.
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