E1.7 (LO 4) AP Shane Cooke began a business, Cooke Company, on January 1, 2021, with an investment of $100,000. The company had the following assets and liabilities on the dates indicated: December 31 Total Assets Total Liabilities 2021 $370,000 $210,000 290,000 2022 440,000 2023 525,000 355,000 Instructions Use the accounting equation and the change in owner's equity during the year to calculate the profit (or loss) for: a. 2021, assuming Shane Cooke's drawings were $50,000 for the year. b. 2022, assuming Shane Cooke made an additional investment of $40,000 and had no drawings in 2022. 2023, assuming Shane Cooke made an additional investment of $10,000 and his drawings were S60.000 C for the year