For each of the following, determine the amount of net income or net loss for the year.

(a)Revenues for the year totaled $90,500 and expenses totaled $44,500. The owner made an additional investment of $15,000 during the year.(b)Revenues for the year totaled $75,500 and expenses totaled $110,500. The owner withdrew $20,000 during the year.(c)Revenues for the year totaled $198,000 and expenses totaled $85,000. The owner invested an additional $20,000 and withdrew $15,000 during the year.(d)Revenues for Smith Co. totaled $273,500 and expenses totaled $263,800. Cash withdrawals of $30,000 were paid during the year.