7 Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and liabilities at the beginning and end of this year. 10 points eBook Hint Ask Assets Liabilities Beginning of the year End of the year $ 54,000 103,500 $ 23,150 41,918 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, and dividends paid were $7,200 during the year. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. d. Dividends paid were $7,200 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) Print a. b. C. d. Beginning of the year-Equity $ 30,850 $ 30,850 $ Owner investments 0 0 30,850 $ 45,000 30,850 35,000 References Dividends Net income (loss) End of the year-Equity 0 0 (23,650) (23,650) (23,650) (23,650) $ 0 $ 0 $ 0