The assets and liabilities of Amos Moving Services at March 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner was $180,000 at April 1, 2010, the beginning of the current year. Mr. Amos invested an additional $25,000 in the business during the year.

Accounts Payable	$1,200		Miscellaneous Expense	$230
Accounts Receivable	$10,340		Office Expense	$1,240
Cash	$32,320		Supplies	$1,670
Fees Earned	$84,350		Wages Expense	$23,550
Land	$47,000		Drawing	$16,570
Building	$157,630

A. What is the net income or net loss for the year ended March 31, 2011? B. What is Amos, capital as of the year ended March 31, 2011? (also known as ending Owner's Equity) Does the accounting equation balance? Show your proof below. Assets = Liabilities + Owners Equity ____________ = ____________ + ____________