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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 $ 60,000 105,000 Liabilities $ 20,000 36,000 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 $15.000 during the year. c. Owner made no withdrawals during the year, but the owner did invest an additional $55.000 cash. d. Owner withdrew $15,000 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: (Decreases in equity should be indicated with a minus sign.) d. Answer is not complete. b. C. 40,000 40.000 40,000 0 55.000 0 (15,000) 0 $ Beginning of the year-Equity Owner Investments Owner withdrawals Net Income (los) End of the year-Equity 40,000 35,000 (15,000) s 0 $ 0 $ 0

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