Requirement $1.$ Did the$$ owner's equity of Amicho Deli increase or decrease during $2016?$ By how$$ much?

The$$ owner's equity

increased

during the year by $$$

$$

enter your response here.

Part $2$

Requirement $2.$ Identify the four possible reasons that$$ owner's equity can change.

$$Owner$\text{'}$s equity can increase$$ through:

$$

$$and$/$or

$$

borrowing money

net income

net loss

owner withdrawals

paying a liability

purchasing assets for cash

purchasing assets on account

$.$Owner$\text{'}$s equity can decrease through

$$

borrowing money

net income

owner contributions

owner withdrawals

paying a liability

purchasing assets for cash

purchasing assets on account

$$and$/$or

$$