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 Beginning of Year: End of Year $25,000 $63,000 Liabilities 516,000 $25.000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Ending Equity Beginning Equity 3) If the owner contributes $7,000 and the owner withdraws $39,200, how much is net income (loss)? 4) If net income is $2,200 and owner withdrawals are $8,500, how much did the owner contribute (owner, capital? Net Income (Loss) Owner, Capital 6) If the owner contributes $41,000 and the owner withdraws $2,200, how much is net income (loss)? 5) If the owner contributes $17,900 and net income is $15,300, how much did the owner withdraw (owner, withdrawals)? Owner Withdrawals Net Income (Loss)