The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, the company paid $60,000 in cash dividends and issued an additional $45,000 of capital stock.
Calculate the net income for the year.
Definitions:
Caregiver
An individual who provides care for another, especially in the contexts of health, childhood, or disability.
Primates
Primates are a group of mammals that includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and complex social behaviors.
Human Infants
Very young children from birth to one year, characterized by rapid physical growth and developmental milestones.
Childcare Providers
refers to individuals or institutions that offer care and supervision to children, typically outside of the child's family, such as in daycares or preschools.
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