San Mateo Healthcare had an equity balance of $1.38 million at the beginning of the year. At the… 1 answer below »

San Mateo Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the year, its equity balance was $1.98 million.

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a. Assume that San Mateo is a not-for-profit organization. What was its net income for the period?

b. Now, assume that San Mateo is an investor-owned business.

• Assuming zero dividends, what was San Mateo’s net income?

• Assuming $200,000 in dividends, what was its net income?

• Assuming $200,000 in dividends and $300,000 in additional stock sales, what was San Mateo’s net income?