Year 1 Year 2 Liabilities $20 Assets $35 Liabilities $30 Assets $65

\begin{tabular}{|l|l|l|} \hline Year 1 & Liabilities $20 \\ \hline & & \\ \hline & & \\ \hline & Assets $35 \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} o. Compute this company's net income for Year 2 assuming the owner made no investments in, and no withdrawals from, the business. b. Compute this company's net Income for Year 2 assuming the owner made no investments in the business, but did withdraw $5 during the year. Note: Decreases in equity should be indicoted with a minus sign