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 Assets Beginning of the year $77,000 $ 33,010 End of the year 126,000 51,030 a. Owner made no investments in the business, and no dividends were paid during the year b. Owner made no investments in the business, and dividends paid were $7.200 during the year. 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 pald were $7.200 during the year, and the owner did Invest an additional $35,000 cash near year-end 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 $ 110,010 $ 110,010 5 110,010 5 45,000 110,010 35,000 Beginning of the year Equity Owner investments Dividends Not income doss) End of the year-Equity 5 1770305 177,030$ 177030$ 177030