Beginning of Year: End of Year: Assets Liabilities $27,000 $15,000 $61,000 $27,000 1) What is the equity at the beginning of the year? Beginning Equity 12,000 3) If the owner contributes $8,300 and the owner withdraws $42,800, how much is net income (loss)? Net Income (Loss) 5) If the owner contributes $17,800 and net income is $17,800, how much did the owner withdraw (owner, withdrawals)? Owner, Withdrawals 0 2) What is the equity at the end of the year? Ending Equity 4) If net income is $1,400 and owner withdrawals are $5,900, how much did the owner contribute (owner, capital)? Owner, Capital 6) If the owner contributes $42,900 and the owner withdraws $2,700, how much is net income (loss)? Net Income (Loss)