OB). er's equity, are summarized as follows: Total Assets $605,000 928,000 Four different proprietorships, Dakota, Jersey, Carolina, and Iowa, show the same balance EX 1-15 Net income and owner's equity for four businesses sheet data at the beginning and end of a year. These data, exclusive of the amount of own On the basis of the preceding data and the following additional information for the year, determine the net income (or loss of each company for the year. (Hint: First, determine Dakota: The owner had made no additional investments in the business and had made The owner had made no additional investments in the business but had ey: Net income, 00 Total Liabilities $237,000 SHOW 352,000 ME HOW Jersey: withdrawn $40,000. Beginning of the year End of the year the amount of increase or decrease in owner's equity during the year.) no withdrawals from the business. Carolina: The owner had made an additional investment of $66,000 but had made no The owner had made an additional investment of $66,000 and had withdrawn withdrawals. Iowa: $40,000