6)

Answer the following questions. For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format.

1. At 1st July 2020, Nancys Spa had assets and liabilities worth $75,000 and $43,000 respectively. At 30th June 2021, the assets and liabilities of Nancys Spa were $82,000 and $54,000 respectively.

   1. (1 mark) Nancys capital balance on 1st July 2020 is $Answer.

   2. (1 mark) Nancys capital balance on 30th June 2021 is $Answer.

   3. (2 marks) If Nancy did not make any capital contributions or withdraw any money from the business, she made a Answerprofitloss of $Answer (input a positive number) for the year ended 30 June 2021.

2. (2 marks) At 1st July 2020, Nancys Spa had assets and liabilities worth $75,000 and $43,000 respectively. At 30th June 2021, the assets and liabilities of Nancys Spa were $82,000 and $54,000 respectively.

   If Nancy had contributed $4,000 during the financial year, she made a Answerprofitloss of $Answer (input a positive number) for the year ended 30 June 2021.

3. (2 marks) At 1st July 2020, Nancys Spa had assets and liabilities worth $75,000 and $43,000 respectively. At 30th June 2021, the assets and liabilities of Nancys Spa were $82,000 and $54,000 respectively.

   If Nancy had contributed $3,000 and withdrawn $9,000 during the financial year, she made a Answerprofitloss of $Answer (input a positive number) for the year ended 30 June 2021.