Daiichi Company€™s total assets and liabilities at the beginning and end of the year follow.

Determine Daiichi€™s net income or loss for the year under each of the following alternatives:
1. The owner made no investments in or withdrawals from the business during the year.
2. The owner made no investments in the business but withdrew $27,500 during the year.
3. The owner invested $16,250 in the business but made no withdrawals during the year.
4. The owner invested $12,500 in the business and withdrew $27,500 during theyear.

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Beginning of the ye End of the year Assets $175,000 275,000 Liabilities 68,750 162,500 ar