Consider Southeast Home Care, a for-profit business. In 2020, its net income was $1,500,000 and it distributed

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Consider Southeast Home Care, a for-profit business. In 2020, its net income was $1,500,000 and it distributed $500,000 to owners in the form of dividends. Its beginning-of-year equity balance was

$12,000,000. Use this information to construct the business’s statement of changes in equity. What is the ending 2020 value of the business’s equity account?

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