exercise 1-4 calculate net income and stockholders' equity [lo2]
[the following information applies to the questions displayed below.]

eagle corp. operates magnetic resonance imaging (mri) clinics throughout the northeast. at the end of the current period, the company reports the following amounts: assets = $43,500; liabilities = $20,500; dividends = $2,140; revenues = $13,100; expenses = $8,200.
1) calculate net income.
2) calculate stockholders' equity at the end of the period.

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?