Use the following information to calculate for the year ended December 31, 2020 (a) net income, (b) ending owner's equity, and (c) total assets. Supplies Operating expenses Accounts payable Accounts receivable Beginning Capital (a) Net income (c) $3,900 Total assets 11,900 10,800 3,900 (b) Ending owner's equity 5,900 LA Revenues Cash Drawings Notes payable Equipment $26,800 15,900 1,900 2,900 8,900

Use the following information to calculate for the year ended December 31,2020 (a) net income, (b) ending owner's equity, and (c) total assets