Brief Exercise 1-7 Describe each financial statement (L01-3) Select the financial statement that matches with the description (Related transactions). Financial Statements Related transactions a. Change in owners' claims to resources b. Profitability of the company C. Change in cash as a result of operating, investing, and financing activities d. Resources equal creditors' and owners' claims to those resources Exercise 1-4A Calculate net income and stockholders' equity (L01-2) Eagle Corp. operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets = $47.000; Liabilities = $25,500; Dividends = $2,700; Revenues = $13,400; Expenses = $8,700. Required: 1. Calculate net income. Net income 2. Calculate stockholders' equity at the end of the period. Stockholders' equity re to search