Lily company had the following assets and liabilities on the dates indicated: DECEMBER 31 TOTAL ASSETS TOTAL LIABILITIES 2009 $400,000 $250,000 2010 $460,000 $300,000 2011 $590,000 $400,000 Lily began business on January 1,209, with an investment of $100,000 INSTRUCTIONS: From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2009, assuming Lily's drawing were $15,000 for the year (b) 2010, assuming Lily made an additional investment of $50,000 and had no drawings in 2010 (c) 2011, assuming Lily made an additional investment of $15,000 and had drawings of $30,000 in 2011. THANK YOU