b Accour Menu ments mework Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Beginning of Year: End of Year: a Quiz/Test Assets $29,000 Liabilities $18,000 $60,000 $25,000 1) What is the equity at the beginning of the year? Beginning Equity 11000 2) What is the equity at the end of the year? Ending Equity 35000 3) If the owner contributes $9,300 and the owner withdraws $38,800, how much is net income (loss)? Net Income (Loss) 4) If net income is $2,300 and owner withdrawals are $9,100, how much did the owner contribute (owner, capital)? Owner, Capital 5) If the owner contributes $16,900 and net income is $19,500, how much did the owner withdraw (owner, withdrawals)? Owner, Withdrawals To see what to study next, go to your study ria. 6) If the owner contributes $42,700 and the owner withdraws $1,100, how much is net income (loss)? Net Income (Loss)