There is also part b and cB the owner made no additional investment in business during the year but withdrew $5450 per month to pay personal living expensesC the owner withdrew no aasets during the year but invested an additional $94000 cash

A business had the following amounts of assets and liabilities at the beginning and end of a recent year. Assets Liabilities Beginning of the year $ 96,000 $44, 000 End of the year 134, 900 67,000 Determine the profit earned or net loss incurred by the business during the year under each of the following unrelated assumptions a. The owner made no additional investments in the business and withdrew no assets during the year