Roland's Overhead Doors reports the following financial information:

Assets

$43,200

Liabilities

12,460

Roland, Capital

29,340

Roland, Withdrawal

7,500

Revenues

11,680

Expenses

?

Requirements

1.	Use the accounting equation to solve for the missing information.
2.	Did Roland's Overhead Doors report net income or net loss for the year?

Requirement 1. Use the accounting equation to solve for the missing information.

Requirement 1. Use the accounting equation to solve for the missing information.

	=		+		-		+		-	Expenses
	=		+		-		+		-