Begin by identifying the accounting equation and the formula expressed by the statement of owner's equity (the "equity equation") Accounting equation: Assets Liabilities + Equity Equity equation: Capital, Beginning Owner contribution Net income or-Net loss-Owner withdrawal Capital Ending 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 2018. (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 58000 Data Table May 31, 2018 Total Assets $ 211,000 $ June 30, 2018 255.000 Total Liabilities 144,000 155,000 Print Done