10 01 O References Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and liabilities at the beginning and end of this year Beginning of the year End of the year Assets 53,500 110,000 $22,935 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, and dividends paid were $16,200 during the year c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock d. Dividends paid were $16,200 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock Determine net income or net loss for the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign) Beginning of the year-Equity $ 30.506 S Owner investments Dividends Net income (loss) End of the year-Equity 0 30.565 $ 0 30.565 $ 30.565 45,000 35,000 0 (16,200) 0 (16.290 $ 0 $ 05