Data Table The records of Smith Company show the following at December 31, 2024 (Click the icon to view the data) Requirements 1. Compute the missing amount for Smith Company You will need to work through owner's equity 2. Did Smith eam a net income or suffer a net loss for the year? Compute the amount. Requirement 1. Compute the missing amount for Smith Company. You will need to work through ow Begin by working through owner's equity. Rework the accounting equation and then solve for owner's Begening Ending Equity tdernity the formula to show the change in equity and then complete the calculation to solve for the m column. Abbreviations used. Contributions Owner contribution. Withdrawals Owner withdrawal, C Choose from any list or enter any number in the input fields and then continue to the next question. Assets & Liabilities: Beginning: Assets Liabilities Equity: Owner contribution 5 3.000 $ 56,000 Owner withdrawal 4,000 55,000 Revenues 290,000 Expenses ? Liabilities $ 94,000 32.000 Ending Assets Capital, Ending Print Done