A corporation had the following assets and liabilities at the beginning and end of this year.

	Assets					Liabilities
Beginning of the year		$	134,000				$	57,446
End of the year			178,500					72,293

1. Owner made no investments in the business, and no dividends were paid during the year.
2. Owner made no investments in the business, but dividends were $1,450 cash per month.
3. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock.
4. Dividends were $1,450 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock.

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.)

	a.	b.	c.	d.
Beginning of the yearEquity	$76,554	$76,554	$76,554	$76,554
Owner investments	0	0	45,000	35,000
Dividend	0		0
Net income (loss)
End of the yearEquity		$0	$0	$0