The following selected data are for Carducci Importers for its first three years of operations: 2019 2020 2021 January 1: Total assets $ 40,100 (0 $ 0 $ Total liabilities 0 46,000 (k) Total owner's equity (a) 40100 65,100 (0) December 31: Total assets (b) 111100 196,000 170,600 Total liabilities 46,000 58,500 Total owner's equity (c) 65100 75,000 (m) Changes during year in owner's equity: Investments by owner during the year 6,320 or Drawings by owner during the year 12,400 th) 49,400 Profit or loss for the year (d) 53.000 (0) Total revenues for the year 125,000 160,000 Total expenses for the year (e) 105.000 127.000