8:45 K ces A company had the following assets and liabilities at the beginning and end of this year. Liabilities $ 32,153 50,828 Beginning of the year End of the year Assets $ 75,000 125,500 a. Owner made no investments in the business, and no withdrawals were made during the year. b. Owner made no investments in the business, but did withdraw $12,000 during the year. c. Owner made no withdrawals during the year, but the owner did invest an additional $45,000 cash. d. Owner withdrew $12,000 during the year, but the owner did invest an additional $35,000 cash near year-end. Determine net income or net loss for the business during the year for each of the above separate cases. Note: Decreases in equity should be indicated with a minus sign. Beginning of the year-Equity Owner investments Owner withdrawals Net income (loss) End of the year-Equity a. b. d.

A company had the following assets and liabilities at the beginning and end of this year: a. Owner made no investments in the business, and no withdrawals were made during the year. b. Owner made no investments in the business, but did withdraw $12,000 during the year. c. Owner made no withdrawals during the year, but the owner did invest an additional $45,000 cesh. d. Owner withdrew $12,000 during the year, but the owner did invest an additional $35,000 cash near year-end. Determine net income or net loss for the business during the year for each of the above separate cases: Note: Decreases in equity should be indicated with a minus sign