Question: Presented here is information for Earth, Inc., for the year ended August 31, 2012. Requirements 1. What is the beginning stockholders equity of Earth, Inc.?

Presented here is information for Earth, Inc., for the year ended August 31, 2012.

Requirements
1. What is the beginning stockholders€™ equity of Earth, Inc.?
2. What is the ending stockholders€™ equity of Earth, Inc.?
3. What is the net income or net loss for theyear?

Earth, Inc Beginning Assets Liabilities $55,000 45,000 Ending: Assets Liabilities $114,000 25,000 Stockholders' Equity Sale of Stock Payment of Dividends $16,000 50,000

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