Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilties at the beginning and end of this year. Assets Liabilities Beginning of the year End of the year $109,000 $46,728 62,370 154,000 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $800 cash per month. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock d. Dividends were $800 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) C. d. Beginning of the year-Equity Owner investments Dividends Net income (loss) End of the year-Equity