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Compute whisper breeze spa net income

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Reference no: EM132544290

During 2018?, Whisper Breeze Spa reported revenue of $ 42,000. Total expenses for the year were $22,000. Whisper Breeze Spa ended the year with total assets of $50,000?, and it owed debts totaling $15,000. At? year-end 2017?, the business reported total assets of $30,000 and total liabilities of $15,000.

Question 1: Compute Whisper Breeze Spa's net income for 2018.

Question 2: Did Whisper Breeze Spa's stockholders' equity increase or decrease during 2018? By how much?

Reference no: EM132544290

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