Multiple Choice Question 75 At January 1, 2016, Bonita Industries reported owner's capital of $150500. During 2016, Bonita had a net loss of $30300 and owner drawings of $14100. At December 31, 2016, the amount of owner's capital is O $106100. O $136400 $120200. $164600 Multiple Choice Question 72 The following is selected information from Sheffield Corporation for the fiscal year ending October 31, 2016 Cash received from customers Revenue recognized Cash paid for expenses Cash paid for computers on November 1, 2015 that will be used for 3 years (annual depreciation is $15500) Expenses incurred, including interest, but exdluding any depreciation 219000 Proceeds from a bank loan, part of which was used to pay for the computers $298000 370000 180000 46500 101000 Based on the accrual basis of accounting, what is Sheffield Corporation's net income for the year ending October 31, 2016? $71500. $135500. O $102500 O $151000