Use the following information and the accounting equation to determine the net income for the year for each alternative below. SE

1 . No investments were made in the business, and no dividends were paid during the year. 2. Investments of $10,000 were made in the business, but no dividends were paid during the year.
3. No investments were made in the business, but dividends of $2,000 were paid during the year.

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Assets Beginning of the year End of the year $ 70,000 Liabilities $30,000 100,000 50,000