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. Assets Liabilities Beginning of Year $10,000 End of Year $12000 $26000 1) What is the equity at the beginning of the year? Beginning Equity 6000 2) What is the equity at the end of the year? Ending Equity 36000 3) If the owner contributes $8,300 and the owner withdraws $42,800, how much is net income (loss) Net Income (Loss) (-64500) 4) If net income is $3,600 and owner withdrawals are $7,900, how much did the owner contribute (owner, capital)? Owner, Capital 34300 5) If the owner contributes $17,600 and net income is $15,700, how much did the owner withdraw (owner, withdrawals)? Owner, Withdrawals (-3300) 6) If the owner contributes $44,200 and the owner withdraws $4,100, how much is net income (loss)? Net Iname (Loss) CHECK ANSWER SKIP TO NEXT RESET Incorrect. Try reviewing the Hint to better understand the goal of this activity Mostly any #QL SHEM 20