Dublin Window Cleaners began operations on January 1, 2022. The owner invested $400,000 during the first year
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Dublin Window Cleaners began operations on January 1, 2022. The owner invested $400,000 during the first year and made no withdrawals. During 2023, the business reported profit of $192,000, owner withdrawals of $104,000, and zero owner investments. In 2024, Dublin Window Cleaners earned profit of $366,000. The owner withdrew $218,000 during 2024 and made no investments. Owner’s capital at December 31, 2024, was $605,000.
Required
Calculate the profit or loss for the year 2022.
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Related Book For 
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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