A corporation had the following assets and liabilities at the beginning and end of a recent year.

Determine the net income earned or net loss incurred by the business during the year for each of the following separate cases:
a. Owner made no investments in the business and no dividends were paid during the year.
b. Owner made no investments in the business but dividends were $650 cash per month.
c. No dividends were paid during the year but the owner invested an additional $45,000 cash in exchange for common stock.
d. Dividends were $650 cash per month and the owner invested an additional $25,000 cash in exchange for commonstock.

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Assets Liabilities Beginning of the year End of the year $131,000 $56,159 72,900 80,000