Ron's Overhead Doors reports the following financial information:

Assets

$47,600

Liabilities

17,220

Ron, Capital

25,500

Ron, Withdrawal

4,500

Revenues

9,560

Expenses

?

Requirements

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

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

	=		+		-		+		-	Expenses
	=		+		-		+		-