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Iverson Company had the following assets and liabilities on the dates indicated.

December 31	Total Assets	Total Liabilities
2013	$499,448	$252,643
2014	$559,448	$302,643
2015	$689,448	$402,643

Iverson began business on January 1, 2013, with an investment of $93,299.

From an analysis of the change in owners equity during the year, compute the net income (or loss) for:

(a)2013, assuming Iversons drawings were $23,874for the year.

Net income for 2013

$

(b)2014, assuming Iverson made an additional investment of $40,209and had no drawings in 2014.

Net loss for 2014

$

(c)2015, assuming Iverson made an additional investment of $15,978and had drawings of $19,196in 2015.

Net income for 2015

$