Begin by identifying the accounting equation and the formula expres Owner's equity (the "equity equation"): (Abbreviation used: Account Account equation: = Assets = Liabilities + Equity Equity Capital, Beginning + Owner contribution + Net ir equation: = Owner withdrawal = Capital, Ending For each of the following situations with regard to owner's contributic the business, compute the amount of net income or net loss during minus sign or parentheses for a net loss.) a. The owner contributed $20,000 to the business and made no with Net income (loss) = $ Total Assets May 31, 2018 June 30, 2018 $ 133,000 $ 202,000 77,000 122,000 Total Liabilities Print Done