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5 Exercise 2-15 Computing net income LO A1 sole proprietorship had the following assets and liabilities at the beginning and end of this year. 12

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5 Exercise 2-15 Computing net income LO A1 sole proprietorship had the following assets and liabilities at the beginning and end of this year. 12 paints Aasata Liabilities Skipped Beginning of the year 57,875 135,000 191,000 End of the year 77,355 aBook .Owner n Owner made no investments in the business hut withdrew $1100 cash ner month for personal use Owner made no withdrawals during the year but did invest an additional $45,000 cash Owner withdrew $1,100 cash per month Hien r personal use and invested an additional $35,000 cash Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases (Decreases in equity should be indicated with a minus sign.) Print d References Beginning of the year-Equity Owner investments Wilhdrawals by owner Net income (loss) End of the year-Equity

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