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. Liabilities Beginning of the year End of the year Assets $ 71,000 121,500 $ 30,438 49,208 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 $1,150 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 $1,150 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: Note: Decreases in equity should be indicated with a minus sign. a. b. C. d. Beginning of the year-Equity 40,562 SA 40,562 40,562 40,562 Owner investments 0 0 45,000 35,000 Dividend 0 (13,800) 0 (13,800) Net income (loss) 0 0 0 0 End of the year-Equity EA $ 0 $ 0 $ 0