Question: Josh's Overhead Doors reports the following financial information: Assets........$ 42,600 Liabilities..... 17,220 Common Stock ...... 26,240 Dividends...... 8,500 Revenues..... 12,080 Expenses....... ? Requirements 1. Use

Josh's Overhead Doors reports the following financial information:

Assets........$ 42,600

Liabilities..... 17,220

Common Stock ...... 26,240

Dividends...... 8,500

Revenues..... 12,080

Expenses....... ?

Requirements

1. Use the accounting equation to solve for the missing information.

2. Did Josh's Overhead Doors report net income or net loss?

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