6 Pearson ACT Sole Propri x (- -) C' i act.pearsoncmg.com/testout/1 ] '2! * El . S M Gmail a YouTube 2' Maps Mail-Lindsey Gar... [A BUS105: Business... A MGT330:Manage... A GEN10311nformati... e UAGC Library Business Insightsz... PQ Hereto Help;ARe... Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the .0000 questions. Assets Liabilities Beginning ofVear: $25,000 $16,000 End ofVear: $63,000 $26,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity Ending Equity 3) If the owner contributes $5,500 and the owner withdraws $42,100, how much 4) If net income is $1,700 and owner withdrawals are $6,300, how much is net income (loss)? did the owner contribute (owner, capital)? Net Income (Loss) Owner, Capital 5) If the owner contributes $16,300 and net income is $16,000, how much did the 6) lfthe owner contributes $41,900 and the owner withdraws $4,900, how owner withdraw (owner, withdrawals)? much is net income (loss)? Owner, Withdrawals Net Income (Loss)