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Your answer is partially correct. Try again. Sunland Company had the following assets and liabilities on the dates indicated. December 31 Total Assets 2019 2020

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Your answer is partially correct. Try again. Sunland Company had the following assets and liabilities on the dates indicated. December 31 Total Assets 2019 2020 $487,000 $547,000 $677,000 Total Liabilities $167,000 $217,000 $317,000 2021 Sunland began business on January 1, 2019, with an investment of $91,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2019, assuming Sunland's drawings were $15,000 for the year. x Net income for 2019 305,000 (b) 2020, assuming Sunland made an additional investment of $50,000 and had no drawings in 2020. Net loss for 2020 280,000 (c) 2021, assuming Sunland made an additional investment of $16,000 and had drawings of $18,000 in 2021. Net income for 2021 326,000 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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