C | The total assets and liabilities of Oriole Company at January 1 and December 31,...

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C | The total assets and liabilities of Oriole Company at January 1 and December 31, 2020 are presented below. January 1 December 31 Assets $75,000 $107,000 Liabilities 24,000 30,000 (a) Your answer is correct. Assume owner's drawings of $11,200 were paid and no additional investment was made during the year. Revenues were $105,000. Compute (a) net income, and (b) expenses. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Net income/(loss) $ 37,200 (b) Expenses 67,800 Assume an additional investment was made for $4,500 and no drawings were paid during the year. Expenses were $42,000. Compute (a) net income, and (b) revenues. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Net income/(loss) $ (b) Revenues $ | Assume an additional investment was made for $58,000 and drawings of $17,000 were paid during the year. Compute net incom (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (d) Net income/(loss) $ eTextbook and Media Your answer is incorrect. -15,000 Attempts: unlimite Assume an additional investment was made for $6,500, and net income was $49,000. Compute the drawings paid. Drawings $ C | The total assets and liabilities of Oriole Company at January 1 and December 31, 2020 are presented below. January 1 December 31 Assets $75,000 $107,000 Liabilities 24,000 30,000 (a) Your answer is correct. Assume owner's drawings of $11,200 were paid and no additional investment was made during the year. Revenues were $105,000. Compute (a) net income, and (b) expenses. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Net income/(loss) $ 37,200 (b) Expenses 67,800 Assume an additional investment was made for $4,500 and no drawings were paid during the year. Expenses were $42,000. Compute (a) net income, and (b) revenues. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Net income/(loss) $ (b) Revenues $ | Assume an additional investment was made for $58,000 and drawings of $17,000 were paid during the year. Compute net incom (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (d) Net income/(loss) $ eTextbook and Media Your answer is incorrect. -15,000 Attempts: unlimite Assume an additional investment was made for $6,500, and net income was $49,000. Compute the drawings paid. Drawings $