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Sheridan Company had the following assets and liabilities on the dates indicated. Sheridan began business on January 1, 2021, with an investment of $98,000. From

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Sheridan Company had the following assets and liabilities on the dates indicated. Sheridan began business on January 1, 2021, with an investment of $98,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2021, assuming Sheridan's drawings were $18,000 for the year. for 2021 (b) 2022, assuming Sheridan made an additional investment of $50,000 and had no drawings in 2022. for 2022 $ (c) 2023 , assuming Sheridan made an additional investment of $21,000 and had drawings of $16,000 in 202 for 2023

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