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Compute the missing amount for Felix Company

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

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