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

$$

borrowing money

net income

net loss

owner contributions

paying a liability

purchasing assets for cash

purchasing assets on account

$.$

Collision Auto Shop started $2025$ with total assets of $ $19$ comma $000$ and total liabilities of $ $9$ comma $000.$ At the end of $2025,$ Collision Auto Shop$\text{'}$ s total assets stood at $ $27$ comma $000$ and total liabilities were $ $13$ comma $000.$

Requirements

$1.$Did the$$ owner's equity of Collision Auto Shop increase or decrease during $2025?$ By how$$ much?

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