During 2024, Tranquil Rivers Spa reported revenue of $40,000 Total expenses for the year were $35,000. Tranquil Rivers Spa ended the year with total assets of $31,000, and it owed debts totaling $13,000. At year-end 2023, the business reported total assets of $26,000 and total liabilities of $13,000. Read the requirements Requirement 1. Compute Tranqui Rivers Spa's net income for 2024 Degn by identifying the formula to calculate net income and then enter the amounts to solve for net income Net Income Requirement 2, DKI Tranquil Rivers Spa's owner's equity increase or decrease during 20047 By how much? Tranqal Rivers Sea's equity during the year by Choose from any list of ander any number in the input fields and then continue to the nest question