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

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A company had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $ 111,000 157,000 Liabilities $ 47,586 63,585 o. 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 $7.200 during the year. c. Owner made no withdrawals during the year, but the owner did invest an additional $45.000 cash, d. Owner withdrew $7.200 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.) d 5 Os 0 Beginning of the year-Equity Owner investments Owner withdrawals Net income (los) End of the year Equity 5

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