Presented below is information related to Reed Company.

(Accounting question: Changes to owner's equity: Problem type 2)

Required:

How muchadditional investments by ownerdid Reed Company have for the year?

Assets, January 1st: $41,000

Liabilities, January 1st: $23,000

Assets, December 31st: $100,000

Liabilities, December 31st: $67,000

Additional investments by owner: ???

Revenues: $21,000

Expenses: $12,000

Drawing: $6,600