Question $17$

$4$ pts

Eagle Corp.$\text{'}$s comparative Balance Sheet at December $31,2023$ reports the following $($in millions$)$:

$\backslash$table$[[,2023,2022],[$Total Assets,$65,30],[\backslash$table$[[$Total$],[$Liabilities$]],45,16]]$

During $2023,$ Eagle Corp. paid dividends in the amount of $$7$ million and issued $$10$ million of common stock. Calculate the amount of net income $($loss$)$ that Eagle Corp. should report in its $2023$ income statement?

$$ $$3$ million net income

$$3$ million net loss

$$13$ million net income

$$13$ million net loss

$$ None of the above.