Roland's Overhead Doors reports the following financial information:
Assets ................................ $ 45,800
Liabilities ............................. 17,220
Common Stock ....................... 27,460
Dividends .............................. 6,500
Revenues ............................... 8,850
Expenses ............................... ?
Requirements
1. Use the accounting equation to solve for the missing information.
2. Did Roland's Overhead Doors report net income or net loss?