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Carla Vista Company had the following assets and liabilities on the dates indicated. December 31 2019 Total Assets $479,000 $539,000 $669,000 Total Liabilities $241,000 $291,000
Carla Vista Company had the following assets and liabilities on the dates indicated. December 31 2019 Total Assets $479,000 $539,000 $669,000 Total Liabilities $241,000 $291,000 $391,000 2020 2021 Carla Vista began business on January 1, 2019, with an investment of $98,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2019, assuming Carla Vista's drawings were $24,000 for the year. A for 2019 $ (b) 2020, assuming Carla Vista made an additional investment of $41,000 and had no drawings in 2020. for 2020 $ (c) 2021, assuming Carla Vista made an additional investment of $21,000 and had drawings of $24,000 in 2021. 4 for 2021 $
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