PLEASE SEE ATTACHMENT FOR THE FULL LIST OF QUESTIONS!!!!

QUESTION 1

Josh's Overhead Doors reports the following financial information:

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Assets	$42,600
Liabilities	17,220
Josh, Capital	26,240
Josh, Withdrawals	8,500
Revenues	12,080
Expenses	?

Requirements

1.	Use the accounting equation to solve for the missing information.
2.	Did Josh's Overhead Doors report net income or net loss?

Requirement 1. Use the accounting equation to solve for the missing information.

	=		+		-		+		-	Expenses
	=		+		-		+		-

Requirement 2. Did Josh's Overhead Doors report net income or net loss for the year?

Josh's Overhead Doors reports net income or net loss of $