what is the net income of the year for each of the scenarios listed below

Assets Liabilities

Beginning of Year $ 70,000 $30,000

End of the Year $ . 100,000 $50,000

Use the following assumptions given:

1 .No investments were made in the business and no dividends were paid during the year.

2 Investments of $10,000 were made in the business, but no dividends were paid during the year.

3 No investments were made, but dividends of $2,000 were paid during the year.