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Wildhorse Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019$494,000$313,0002020$554,000$363,0002021$684,000$463,000 Wildhorse began business on January 1,

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Wildhorse Company had the following assets and liabilities on the dates indicated.

December 31

Total Assets

Total Liabilities

2019$494,000$313,0002020$554,000$363,0002021$684,000$463,000

Wildhorse began business on January 1, 2019, with an investment of $90,000.

From an analysis of the change in owner's equity during the year, compute the net income (or loss) for:

image text in transcribedimage text in transcribed
Wildhorse Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019 $494,000 $313,000 2020 $554,000 $363,000 2021 $684,000 $463,000 Wildhorse began business on January 1, 2019, with an investment of $90,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2019, assuming Wildhorse's drawings were $24,000 for the year. " for 2019 $ (b) 2020, assuming Wildhorse made an additional investment of $40,000 and had no drawings in 2020. " for 2020 $ From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2019, assuming Wildhorse's drawings were $24,000 for the year. " for 2019 $ (b) 2020, assuming Wildhorse made an additional investment of $40,000 and had no drawings in 2020. " for 2020 3; (c) 2021, assuming Wildhorse made an additional investment of $24,000 and had drawings of $17,000 in 2021. " for 2021 $ Click if you would like to Show Work for this question: Qpen Show Work

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