se The Lim Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2016 $480,000 $250,000 2017 $460,000 $210,000 2018 $590,000 $300,000 on Lim began business on January 1, 2016, with an investment of $100,000. Instructions From an analysis of the change in owner's equity during the year, compute the net ing income (or loss) for: (a) 2017, assuming Lim made an additional investment of $60,000 and had no drawings in 2017. (b) 2018, assuming Lim made an additional investment of $15,000 and had drawings of $40,000 in 2018