2 - Homework Saved 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 $146,500 195,000 Liabilities $62,805 78,975 a. Owner made no investments in the business, and no withdrawals were made during the year. b. Owner made no investments in the business, but withdrew $1,200 cash per month for personal use. C. Owner made no withdrawals during the year, but the owner did invest an additional $45,000 cash. d. Owner withdrew $1.200 cash per month for personal use, and the owner invested an additional $35,000 cash. Determine net income or net loss for the business during the year for each of the above separate cases (Decreases in equity shoul be indicated with a minus sign.) 0 $ 0 $ 0 Beginning of the year-Equity Owner investments Withdrawals by owner Net income (loss) End of the year-Equity $ 4 0 $ 0 $ 0