Activity the expanded Accounting Equation Using the expanded accounting equation calculate and enter the answers for each questionYou will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions.

questions. Assets Liabilities Beginning of $26,000 $16,000 Year End of Year: $63,000 $26,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Ending Equity 10,000 Equity 37,000 3) If the owner contributes $9,900 and the owner withdraws $36,900, how much is 4) If net income is $3,100 and owner withdrawals are $7,100, how much did net income (loss)? the owner contribute (owner, capital)? Net Income Owner, (Loss) 54,000 Capital 5) If the owner contributes $17,300 and net income is $15,500, how much did the 6) If the owner contributes $41,700 and the owner withdraws $1,100, how owner withdraw (owner, withdrawals)? much is net income (loss)? Owner, Net Income Withdrawals (Loss)