For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss during June 2014. a. The owner contributed $15,000 in the business and made no withdrawals. b. The owner made no contributions. The owner withdrew cash of $ 9 comma 000$9,000. c. The company owner made contributions of $10,000 and withdrew cash of $11,000.

May 31st, 2014: Assets $122,000 Liabilities $66,000

June 30, 2014: Assets $245,000 Liabilities $155,000