Beginning of the year $ 66,500 $ 28,509 End of the year 117,500 47,588

Owner made no investments in the business, and no dividends were paid during the year. Owner made no investments in the business, but dividends were $1,450 cash per month. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. Dividends were $1,450 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock.

Determine net income or net loss for the business during the year for each of the above separate cases:

	a.	b.	c.	d.
beginning of the year Equity
owner investments
Dividend
Net income (loss)
End of the year Equity