W EF 1-24 (book/static) Question Help The records of Felix Company show the following at December 31, 2024 Click the icon to view the data.) Requirements 1. Compute the missing amount for Felix Company. You will need to work through owner's equity 2. Did Felix earn a net income or suffer a net loss for the year? Compute the amount Assets Liabilities Equity ok Beginning $ 67,000 11,000 = $ 56,000 Ok Ending 46,000 34,000 12,000 Identify the formula to show the change in equity and then complete the calculation to solve for the missing expenses for the period. (For accounts with a $0 balance, make sure to enter "O" in the appropriate column. Abbreviations used: Contributions - Owner contribution; Withdrawals - Owner withdrawal, Capital, Beg - Capital Beginning.) = Capital, Ending + Choose from any list or enter any number in the input file and then click Chark Anwar EF1-23 (book/static) Previous Question Question Help During 2024. Flowing Rivers Spa reported revenue of $30,000. Total expenses for the year were $15,000. Flowing Rivers Spa onded the year with total assets of $43,000, and it owed debts totaling $14,000. At year-end 2023, the business reported total assets of $28,000 and total liabilities of $14,000. Read the requirements Requirement 1. Compute Flowing Rivers Spa's net income for 2024. Sk Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income. Net Income es OK OK nok EF1-22 (book/static) Question Help Mountain Drycleaners started 2024 with total assets of $10,000 and total liabilities of $14,000. At the end of 2024, Mountain's total assets stood at $12,000 and total liabilities were $9.000 Requirements 1. Did the owner's equity of Mountain Drycleaners increase or decrease during 2024? By how much? 2. Identify the four possible reasons that owner's equity can change. Requirement 1. Did the owner's equity of Mountain Drycleaners increase or decrease during 2024? By how much? (Enter a decrease with a minus sign or parentheses.) The change in owner's equity during the year is