Question 202135

Since stockholder's equity increased by $15,000, from $30,000 in 2002 to $45,000 in 2003, it's obvious that this increase was a result of an increase in net profits at 2003 year-end. 


Now, since expenses were $330,000 for that year, then the increase in equity would be added back to the expenses of $330,000 to get the revenues for 2003. This calculates to ${{{highlight_green(345_000)}}}.