Question: ** Please do not put it on the excel spreadsheets, please break down all the numbers out. Thanks 12.2 San Mateo Healthcare had an equity

** Please do not put it on the excel spreadsheets, please break down all the numbers out. Thanks

12.2 San Mateo Healthcare had an equity balance of $1.38 million at the beginning of

the year. At the end of the year, its equity balance was $1.98 million. Assume that

San Mateo is a not-for-profit organization. What was its net income for the period?

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