Your answer is partially correct. Try again Finch Company had the following assets and liabilities on the dates indicated December 31 2016 2017 2018 Total Assets $491,000 $551,000 $681,000 Total Liabilities $227,000 $277,000 $377,000 Finch began business on January 1, 2016, with an investment of 96,000 From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2016, assuming Finch's drawings were $23,000 for the year. Net income 49000 for 2016 (b) 2017, assuming Finch made an additional investment of $42,000 and had no drawings in 2017 Net loss 10000 for 2017 (c) 2018, assuming Finch made an additional investment of $25,000 and had drawings of $34,000 in 2018 Net income 21000 for 2018