a) Joli Upfront began the Upfront Company by investing $72931 of cash in the business. The company recorded revenues of $572557, expenses of $431515, and had owner drawings of $52398. What was Upfront's net income for the year?

b) ABC Company began the year with owner's equity of $243222. During the year the company recorded revenues of $362970, expenses of $286807, and had owner drawings of $51896. What way ABC's owner's equity at the end of the year?