Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business At the end of its accounting period, December 31, 2041, Go109 has assets of $659,000 and liabilities of $165,000 Using the accounting equation and considering each case independently, determine the following amounts a Penny Lyman, capital, as of December 31, 20Y1 $ b Penny Lyman, capital, as of December 31, 2042, assuming that assets increased by $88,000 and liabilities increased by $27,000 during 2042 $ c Penny Lyman, capital, as of December 31, 2042, assuming that assets decreased by $151,000 and liabilities increased by $13,000 during 20Y2 $ d Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $152,000 and liabilities decreased by $16,000 during 20Y2 e Net income (or net loss) during 2042, assuming that as of December 31, 2042, assets were $782,000, liabilities were $196,000, and there were no additional investments or withdrawals Net income Net loss

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Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business  At the end of its accounting period, December 31, 2041, Go109 has assets of $659,000 and liabilities of $165,000  Using the accounting equation and considering each case independently, determine the following amounts  a  Penny Lyman, capital, as of December 31, 20Y1  $ b  Penny Lyman, capital, as of December 31, 2042, assuming that assets increased by $88,000 and liabilities increased by $27,000 during 2042  $ c  Penny Lyman, capital, as of December 31, 2042, assuming that assets decreased by $151,000 and liabilities increased by $13,000 during 20Y2  $ d  Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $152,000 and liabilities decreased by $16,000 during 20Y2  e  Net income (or net loss) during 2042, assuming that as of December 31, 2042, assets were $782,000, liabilities were $196,000, and there were no additional investments or withdrawals  Net income Net loss

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Accounting Equation Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31, 2041,

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