Alan Wood Cabinets' balance sheet data at May 31, 2024, and June 30, 2024, follow: (Click the icon to view the balance sheet data.) Read the requirement Begin by identifying the accounting equation and the formula expressed by the statement of owner's equity (the "equity equation"): Accounting equation: Equity equation: 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 2024. (Use a minus sign or parentheses for a net loss.) a. The owner contributed $25,000 to the business and made no withdrawals. Net income (loss) is b. The owner made no contributions. The owner withdrew cash of $9,000. Net income (loss) is c. The owner made contributions of $30,000 and withdrew cash of $22,000. Net income (loss) is ed Data table wi 35 n ot Total Assets Total Liabilities 69 - X ty May 31, 2024 199,000 $ 133,000 June 30, 2024 211,000 e a 77,000 Print Done S