At the end of the current period, as per the reports of Maltese Inc., the net income is $12030 and the stockholders' equity is $ 24100.
As per the data provided in the question statement, at the end of the current period, Maltese, Inc. reported the following amounts: Assets = $44,900; Liabilities = $20,800; Dividends = $4,370; Revenues = $29,000; Expenses = $12,600.
To calculate net income, we will simply have to subtract the sum of expenses and dividends from the revenues generated. Therefore, net income of Maltese, Inc. at the end of this current period is
$ [29000 - (12600 + 4370) = $ 12030.
And to calculate stockholders' equity, we will simply have to subtract the liabilities from the valuation of the company's Assets. Therefore, stockholders' equity of Maltese, Inc. at the end of the current period is $ (44900 - 20800) = $ 24100.
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