Return to A business had the following amounts of assets and liabilities at the beginning and end of a recent year: Beginning of the year End of the year Assets Liabilities $ 87,000 $38,000 128,000 58,000 Determine the profit earned or net loss incurred by the business during the year under each of the following unrelated assump a. The owner made no additional investments in the business and withdrew no assets during the year. Answer is complete and correct. Profit 21.000 b. The owner made no additional investments in the business during the year but withdrew $5,150 per month to pay personal liv expenses Answer is complete but not entirely correct. Profit S 36,200 c. The owner withdrew no assets during the year but invested an additional $88,000 cash. Answer is complete and correct. 67,000 Loss d. The owner withdrew $4,300 per month to pay personal living expenses and invested an additional $83,000 cash in the business. Answer is complete but not entirely correct. Loss $ (15,600)