Mini$-$Exercise $2-1($Static$)$ Understanding financial statement relationships LO $2-2,2-3$

Total assets were $$58,000$ and total liabilites were $$35,000$ at the begining of the jeac Nat income for the year was $$7,000,$ and dividends of $$3\mathrm{.}000$ mere declared and paid during the year. Ansume fart no other changes sccurred doing the year:

Respulred:

Calculate total stockholders' equity at the end of the year indicate per finurosis memert affect.

Note: Enter decreases with a minus sige to indicate a negative financial atahement affect.

$\backslash$table$[[,$Aswals,$+,$Listitits,$+,$Shectionaters tower,$],[$Bejining$,558\mathrm{.}000,=,535000,**,,],[$Changes:$,,,,,,],[$Changes$,,,,,,],[$Finding:$,,",,+,,]]$

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