Crane Company had the following assets and liabilities on the dates indicated.

December 31		Total Assets		Total Liabilities
2021		$460,000		$269,000
2022		$520,000		$319,000
2023		$650,000		$419,000

Crane began business on January 1, 2021, with an investment of $92,000. From an analysis of the change in owners equity during the year, compute the net income (or loss) for: (a) 2021, assuming Cranes drawings were $23,000 for the year.

select an option Net lossNet income for 2021

$enter a dollar amount

(b) 2022, assuming Crane made an additional investment of $40,000 and had no drawings in 2022.

select an option Net lossNet income for 2022

$enter a dollar amount

(c) 2023, assuming Crane made an additional investment of $16,000 and had drawings of $28,000 in 2023.

select an option Net incomeNet loss for 2023

$enter a dollar amount