Score: 0 of 7 pts 6 of 6 (0 complete) HW Score: 0%, 0 of 45 pts E1-24 (similar to) Question Help 0 The records of Smith Company show the following at December 31, 2014 B (Click the icon to view the data) Requirements 1. Compute the missing amount for Smith Company. You will need to work through total owner's equity 2. Did Smith eam a net income or suffer a net loss for the year? Compute the amount Requirement 1. Compute the missing amount for Smith Company. You will need to work through total owner's equity. Begin by working through total owner's equity. Rework the accounting equation and then solve for owner's equity ("equity at the beginning and end of the period Equity Beginning Ending 11 II 11 ty") 0 Data Table $ 2.000 Beginning: Assets Liabilities Ending: 6,000 Equity: $ 56,000 Owner contributions 25,000 Owner withdrawals Revenues $ 83,000 Expenses 32,000 216,000 Assets ? Liabilities Print Done