The total assets and liabilities at the beginning and end of the year for Schupan Company are listed below.

Determine Schupan Company'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 of \(\$ 29,000\) during the year.

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Beginning of the year End of the year Assets $180,000 275,000 Liabilities $ 68,750 150,500