Using the expanded accounting equation, calculate and enter the

answers for each question. You will need to use the answers you

calculate for beginning and ending equity to answer the rest of the

questions.

What is the equity at the beginning of the year?

Beginning Equity

If the owner contributes $$9,800$ and the owner

withdraws $$36,000,$ how much is net income $($loss$)?$

Net Income $($Loss$)$

If the owner contributes $$16,600$ and net income is

$$18,000,$ how much did the owner withdraw $($owner$,$

withdrawals$)?$

Owner,

Withdrawals

What is the equity at the end of the year?

Ending Equity

If net income is $$1,000$ and owner withdrawals

are $$7,900,$ how much did the owner contribute

$($owner$,$ capital$)?$

Owner, Capital

If the owner contributes $$44,000$ and the owner

withdraws $$1,600,$ how much is net income $($loss$)?$

Net Income $($Loss$)$