Q1. Compute the missing amount for each of the following separate companies a through d. (Losses and amounts to be deducted should be indicated with a minus sign.)

	(a)	(b)	(c)	(d)
Equity, December 31, 2014	$0	$0	$0	$0
Owner investments during the year	96,500		88,368	206,183
Owner withdrawals during the year		(50,000)	(11,000)	(56,000)
Net income (loss) for the year	92,500	45,545	(3,000)
Equity, December 31, 2015	$98,500	$95,545		$106,183

Q2.

A sole proprietorship had the following assets and liabilities at the beginning and end of this year.

	Assets	Liabilities
Beginning of the year	$ 101,000	$ 43,299
End of the year	150,000	60,750

a.	Owner made no investments in the business and no withdrawals were made during the year.
b.	Owner made no investments in the business but withdrew $1,050 cash per month for personal use.
c.	Owner made no withdrawals during the year but did invest an additional $45,000 cash.
d.	Owner withdrew $1,050 cash per month for personal use and invested an additional $25,000 cash

Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.)

	a.	b.	c.	d.
Beginning of the yearEquity
Owner investments
Withdrawals by owner
Net income (loss)
End of the yearEquity