Score: 0 of 5 pts 5 of 6 (0 complete) HW Score: 0%, 0 of 45 pts E1-23 (similar to) Question Help During 2014 Whisper Breeze Spa reported revenue of $20,000. Total expenses for the year were $13,000 Whisper Breeze Spa ended the year with total assets of $37.000, and it owed debts totaling $15,000. At year-end 2013, the business reported total assets of 530 000 and total liabilities of $15.000 Requirements 1. Compute Whisper Breeze Spa's net income for 2014 2. Did Whisper Breeze Spa's equity increase or decrease during 2014? By how much? Requirement 1. Compute Whisper Breeze Spa's net income for 2014 Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income 11 Net Income 11