Question: Presented below are data for Caracas Corp. 2013 2014 Assets, January 1 $4,560 ? Liabilities, January 1 ? $2,736 Stockholders' Equity, Jan. 1 ? 2,750

Presented below are data for Caracas Corp. 2013 2014 Assets, January 1 $4,560 ? Liabilities, January 1 ? $2,736 Stockholders' Equity, Jan. 1 ? 2,750 Dividends 570 646 Common Stock 608 650 Stockholders' Equity, Dec. 31 ? 2,166 Net Income 684 ? Net income for 2014 is A) $584 income. B) $62 loss. C) $584 loss. D) $62 income

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