Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $135,500 186,000 Liabilities $58,089 75,330 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 $1,300 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 $1,300 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate cases. (Decreases in equity should be indicated with a minus sign.) b. d. Beginning of the year-Equity $ 77,411 $ 77,411 $ 77,411 $ 77,411 Owner investments 45,000 35,000 Dividend (1,300) Net income (loss) 1,300 End of the year-Equity $ 77,411 $ 77,411 $ 77,411 $ 77,411