A business had the following amounts of assets and liabilities at the beginning and end of a recent year: Beginning of the year Assets $ 93,000 Liabilities $42,000 End of the year 132,000 64,000 Determine the profit earned or net loss incurred by the business during the year under each of the following unrelated assumptions: 5 a. The owner made no additional investments in the business and withdrew no assets during the year.