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4. Wizco Advertising's balance sheet data at May 31, 2018, and June 30, 2018, follow: June 30, 2018 Revenues-Expenses red May 31, 2018 $ 122,000
4. Wizco Advertising's balance sheet data at May 31, 2018, and June 30, 2018, follow: June 30, 2018 Revenues-Expenses red May 31, 2018 $ 122,000 66,000 Total Assets Total Liabilities 5 287,000 rat 144,000 For each of the following situations that occurred in June 2018 with regard to the owner's contributions and withdrawals, compute the amount of net income or net loss during June 2018. a. The owner contributed $10,000 to the business and made no withdrawals. b. The owner made no contributions. The owner withdrew cash of $3,000. C. The owner made contributions of $12,500 and withdrew cash of $30,000
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