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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

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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 2018. (Use a minus sign or parentheses for a net loss.) a. The owner contributed $20,000 to the business and made no withdrawals. Net income (loss) = $ 4,000 b. The owner made no contributions. The owner withdrew cash of $8,000. Net income (loss) = $ Total Assets May 31, 2018 133,000 $ 77,000 June 30, 2018 202,000 122,000 Total Liabilities Print Done

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