Alan Lightworks' balance sheet data at May 31, 2016, and June 30, 2016, follow (Click the icon to vew the balance sheet data.) For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss during June 2016 a. The owner contributed $25,000 to the business and made no withdrawals b. The owner made no contributions. The owner withdrew cash of $6,000 c. The owner made contributions of $12,500 and withdrew cash of $20,000 Alan Lightworks' balance sheet data at May 31, 2016, and June 30, 2016, follow (Click the icon to vew the balance sheet data.) For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss during June 2016 a. The owner contributed $25,000 to the business and made no withdrawals b. The owner made no contributions. The owner withdrew cash of $6,000 c. The owner made contributions of $12,500 and withdrew cash of $20,000