Compute the missing amount for Felix Company

Compute the missing amount for Felix Company. You will need to work through total stockholders equity. Beginning: Assets . . . . . . . . . . . $45,000 Liabilities
. . . . . . . .29,000 Ending: Assets . . . . . . . . . . .$55,000 Liabilities . . . . . . . .38,000 Stockholders Equity: Issuance of stock . . . . . . . .$ 0
Dividend payments . . . . . . .19,000 Income Statement: Revenues . . . . . . . . . . . . . .$242,000 Expenses . . . . . . . . . . . . . .? —————
Requirements 1. Did Felix earn a net income or suffer a net loss for the year? Compute the amount. 2. Would you consider Felixs performance for the year to be
good or bad? Give your reason