Assets Liabilities Beginning of Year: $28.000 $19,000 End of Year: $64,000 $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 9000 Ending Equity 35000 3) If the owner contributes $5,500 and the owner withdraws $37,500, how much is net income (loss)? 4) If net income is $2,400 and owner withdrawals are $8,400, how much did the owner contribute (owner, capital)? Net Income (Loss) Owner, Capital 6) If the owner contributes $43,600 and the owner withdraws $3,800, how much is net income (loss)? 5) If the owner contributes $17,700 and net income is $16,000, how much did the owner withdraw (owner, withdrawals)? Owner Withdrawals Net Income (Loss)