Eagle Corp. operates majestic resonance imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets $50,000 Liabilities $27,000 Dividends $3,000 Revenues $14,000 Expenses $9,000 Required: 1. Calculate the net income. 2. Calculate the stockholders' equity at the end of the period.

Eagle Corp. operates majestic resonance imaging (MRI) clinics throughout the Northeast. At the end of the current period, the company reports the following amounts: Assets $50,000 Liabilities $27,000 Dividends $3,000 Revenues $14,000 Expenses $9,000 Required: 1. Calculate the net income. 2. Calculate the stockholders' equity at the end of the period.