A Certain Company Started Business on January 1,2012 with Assets

question 43

Essay

A certain company started business on January 1,2012 with assets of $1,000,000 and stockholders' equity of $565,000.By the end of the year,assets increased by $100,000 and liabilities decreased by $150,000.Other than net income or loss,the only change in stockholders' equity was dividends of $50,000.
A) What was the amount total stockholders equity at the end of the year?
B) What was the amount net income of net loss for the year?