Question: Compute the missing amount for Felix Company. You will need to work through total stockholders equity. Requirements 1. Did Felix earn a net income or

Compute the missing amount for Felix Company. You will need to work through total stockholders€™ equity.

Requirements
1. Did Felix earn a net income or suffer a net loss for the year? Compute the amount.
2. Would you consider Felix€™s performance for the year to be good or bad? Give yourreason.

Stockholders' Equity: Issuance of stock Dividend payments Income Statement: Revenues Beginning: Assets Liabilities $45,000 29,000 19,000 Ending: Assets $55,000 38,000 $242,000 Liabilities Expenses

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