1 00:49:31 A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets Liabilities $70,800 $29,800 123,500 50,500 If the owner made no withdrawals during the year but did invest an additional $45,000 cash. The net income earned or net loss incurred by the business during the year is: (If the answer is a net loss, it should be indicated with a minus sign.) Numeric Response