Assets Liabilities Beginning of Year: $26,000 $16,000 End of Year: $61,000 $29,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity Ending Equity 3) If the owner contributes $8,500 and the owner withdraws $40,700, how much is net income (loss)? 4) If net income is $1,700 and owner withdrawals are $8,700, how much did the owner contribute (owner, capital)? Net Income (LOSS) Owner, Capital 5) If the owner contributes $16,800 and net income is $16,900, how much did the owner withdraw (owner, withdrawals)? 6) If the owner contributes $44,200 and the owner withdraws $4,000, how much is net income (loss)? Owner. Withdrawals Net Income (Loss)