Short Answer Questions: Read the following questions carefully and answer them completely in writing and showing all work (5 points each). 7. The total assets and the total liabilities of Samantha Financial Services are shown below. Beginning of year End of year Assets $425,000 500.000 Liabilities $280,000 325.000 If Samantha invested an additional $9,500 in the business and withdrew $4,200 during the year, what was the amount of net income earned by the company? 8. List the four items that affect equity including increases and decreases. 9. Explain the difference between deferral and accrual adjusting journal entries including specific examples