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10. The records of Felix Company show the following at December 31, 2018: Assets & Liabilities: Equity $ 67,000 11,000 Beginning Assets Liabilities Ending: Assets
10. The records of Felix Company show the following at December 31, 2018: Assets & Liabilities: Equity $ 67,000 11,000 Beginning Assets Liabilities Ending: Assets Liabilities Owner contribution Owner withdrawal Revenues Expenses 511,000 8,000 205,000 $ 46,000 34,000 Requirements: R1. Compute the missing amount for Felix Company. You will need to work through owner's equity. R2. Did Felix earn a net income or suffer a net loss for the year? Compute the amount
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