Iverson Company had the following assets and liabilities on the dates indicated.

December 31	Total Assets	Total Liabilities
2013	$495,359	$159,464
2014	$555,359	$209,464
2015	$685,359	$309,464

Iverson began business on January 1, 2013, with an investment of $97,774.

From an analysis of the change in owner?s equity during the year, compute the net income (or loss) for:

(a) 2013, assuming Iverson?s drawings were $22,681for the year.

Net income for 2013

$

(b) 2014, assuming Iverson made an additional investment of $46,181and had no drawings in 2014.

Net loss for 2014

$

(c) 2015, assuming Iverson made an additional investment of $17,632and had drawings of $28,236in 2015.

Net income for 2015

$

Iverson Company had the following assets and liabilities on the dates indicated. December 31 2013 2014 2015 Total Assets $495,359 $555,359 $685,359 Total Liabilities $159,464 $209,464 $309,464 Iverson began business on January 1, 2013, with an investment of $97,774. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2013, assuming Iverson's drawings were $22,681 for the year. $ Net income for 2013 (b) 2014, assuming Iverson made an additional investment of $46,181 and had no drawings in 2014. Net loss for 2014 $ (c) 2015, assuming Iverson made an additional investment of $17,632 and had drawings of $28,236 in 2015. Net income for 2015 $