A sole proprietorship 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 withdrew $1,250 cash per month for personal use. c. Owner made no withdrawals during the year, but the owner did invest an additional $55,000 cash. d. Owner withdrew $1,250 cash per month for personal use, and the owner invested an additional $35,000 cash. 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. $ 40,000 $ 40,000 $ 40,000 $ 55,000 d. 40,000 35,000 Beginning of the yearEquity Owner investments Withdrawals by owner Net income (loss) End of the year-Equity GA 0 CA 0 $ 0