Proft (loss), owner withdrawals, and owner investment cause equity to change. We also know that revenues less expenses equals profit (loss). Using the following information, calculate profit (loss) for each independent situation a. The business earned revenues of $566,000 and had expenses of $517,000 b. The business showed expenses of $365,000 and revenues of $190,000 MY Autobody's adjusted trial balance on December 31, 2014, appears in the work sheet as follows: Credit Debit $28,300 1,950 4.500 89,500 $ 7,800 19,300 9,160 143,000 No. Account 101 Cash 124 Shop supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation, equipment 201 Accounts payable 210 Wages payable 301 Mike Yang, capital 302 Mike Yang, withdrawals 401 Repair fees earned 612 Depreciation expense, equipment 623 Wages expense 637 Insurance expense 640 Rent expense 650 Office supplies expense 690 Utilities expense 37,500 160,330 8,800 104,800 2,050 53,850 5.100 3.240 $339,590 $ 339,590 Totals