Submit quia Starbright Lightworks' balance sheet data are shown below (Click the icon to view the data) Required 1. Compute the amount of net income or net loss for the company during the year ended December 31, 2020, the owner vested $50,000 in the business and withdrew $38,000 during the year Show al calculations 2. Prepare the statement of owner's equity for Duncan Stewart the owner of Starbright Lightworks, for the year ended December 31, 200 Requirement 1. Compute the amount of net income or net loss for the company during the year ended December 31, 2020, if the owner vested $50,000 in the business and withdrow 500.000 during the year Show all calculations To compute the net income or loss for 2020, start by completing the following table Total assets Total liabilities January 1, 2020 December 21,2020 $440,000 300,000 $500,000 340,000 Balance Sheet Data Total assets Totalbes January 1, 2020 December 31, 2020 $500 000 340.000 $440 000 300,000 Total owner's equity Remaining: 01 04:51 Print Done Next