What is the companys net income loss

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Problem

Mary began a business, and after collecting $30,000 from an equity investor and borrowing $15,000 from a bank, she purchased a piece of land for $40,000. During the year, she leased the land to Karl and received $12,000 in cash, paying $14,000 cash for expenses. She paid a $1,000 dividend to the equity investor at year-end. Prepare an income statement, a statement of shareholders' equity, a balance sheet, and a statement of cash flows for the period. Evaluate Mary's decision to pay the $1,000 dividend. Required: After completing Exercise 2-14 provide the following answers in whole numbers with commas and with no decimal places or dollar signs. Negative amounts should be listed in parenthesis. Get the instant assignment help. What is the company's Net Income (Loss)?

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