Accounting equation

Annie Rasmussen is the owner and operator of Go44, a motivational consulting business.

At the end of its accounting period, December 31, 2015, Go44 has assets of $720,000 and liabilities of 180,000. Using the accounting equation and considering each case in dependently , determine the following amounts.

a. Annie Rasmussen , capital as of December 31, 2015

b. Annie Rasmussen , capital as of December 31, 2016 assuming that assets increased by $96,500 and liabilities increased by $30,000 during 2016.

c. Annie Rasmussen, capital as of December 31, 2016 assuming that assets decreased by $168,000 and liabilities increased by $ 15,000 during 2016.

d. Annie Rasmussen, capital as of December 31, 2016, assuming that assets increased by $175,000 and liabilities decreased by $ 18,000 during 2016.

e. Net income (or net loss) during 2016, assuming that as of December 31,2016 assets were $880,000, liabilities were $220,000, and there were no additional investments or withdrawals.