After all of the account balances have been extended to the income statement columns of the work sheet, the totals of the debit and credit columns are $79,537 and $94,334, respectively. what is the amount of the net income or net loss for the period? $79,537 net loss $14,797 net loss $94,334 net income $14,797 net income

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.