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SNOWv2 Online teachin x + eAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator assignment-take&inprogress=false eBook Show Me How Calculator Prelem Net Income and Owner's Equity for Four Businesses Four different proprietorships,

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SNOWv2 Online teachin x + eAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocator assignment-take&inprogress=false eBook Show Me How Calculator Prelem Net Income and Owner's Equity for Four Businesses Four different proprietorships, Jupiter, Mars, Saturn, and Venus, show the same balance sheet data at the beginning and end of a year. These data, exdusive of the amount of owner's equity, are summarized as follows: Total Assets Total Liabilities Beginning of the year $550,000 $215,000 End of the year 844,000 320,000 On the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year (Hint: First determine the amount of increase or decrease in owner's equity during the year) Jupiter The owner had made no additional investments in the business and had made no withdrawals from the business. Mars! The owner had made no additional investments in the business but had withdrawn 536,000. Saturn: The owner had made an additional investment of $60,000 but had made no withdrawals. Venus: The owner had made an additional investment of $60,000 and had withdrawn 536,000, Net Income Net Income lupter Mars Saturn Netcome Venus Condor the impact that investments with and not incontos Check My Work

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