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A company had the following assets and liabilities at the beginning and end of this year. Assets Beginning of the year End of the

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A company had the following assets and liabilities at the beginning and end of this year. Assets Beginning of the year End of the year $ 77,000 131,000 Liabilities $ 33,010 53,055 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 $9,600 during the year c. Owner made no withdrawals during the year, but the owner did invest an additional $45,000 cash. d. Owner withdrew $9,600 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 (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 b. d.

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