During 2024 Tranquil Rivers Spa reported revenue of $25,000. Total expenses for the year $15,000 Tranquil Rivers Spa ended the year with total of 1000D and it owed debts in 515.000 Ayed 2023 the best and total of 15.000 Read the requirements Requirement 1. Compute Tranquil Rivers Spa's net income for 2024 Begin by identifying the formula to calculate pe income and then enter the amounts to solve for net income Net Income i Requirements - X 1. Compute Tranquil Rivers Spa's net income for 2024 2. Did Tranquil Rivers Spa's owner's equity increase or decrease during 2024? By how much? Print Done 3 of 6 (2 complete EF 1-23 (similar to) During 2024. Tranquils Rivers Spa reported revenue of $25.000 Total expenses for the year were $15,000 Tranquil Rivers Spa ended the year with total assets of 500 000 Howed debts totaing $15,000. At year-end 2023 the business reported total assets of $30,000 and total bites of $15.000 Read the requirements Requirement 1. Computo Tranquil Rivers Spa's not come for 2024 Begin by identifying the formula to calculate nat income and then enter the amounts to solve for ret income Net Income Requirements 1 ComputeTranqul Rivers Spa's net income for 2024 2. Old Tranquil Hivers Spa's gener's equly increase or decrease during 20247 By how much? Pont Done