Presented here is information for Jupiter, Inc., for the year ended October 31, 2012.
Jupiter, Inc.
Beginning:
Assets ............................................................................................................ $ 88,000
Liabilities.......................................................................................................... 35,000
Ending:
Assets ............................................................................................................ $ 154,000
Liabilities............................................................................................................ 25,000
Stockholders’ Equity:
Sale of Stock.................................................................................................. $ 18,000
Payment of Dividends ..................................................................................... 75,000

Requirements
1. What is the beginning stockholders’ equity of Jupiter, Inc.?
2. What is the ending stockholders’ equity of Jupiter, Inc.?
3. What is the net income or net loss for the year?