Monique Enterprises had a stockholders equity balance of $158,000 at the beginning of the period. At the

Question:

Monique Enterprises had a stockholders’ equity balance of $158,000 at the beginning of the period. At the end of the accounting period, the stockholders’ equity balance was $198,000.
(a) Assuming no additional investment or distributions during the period, what is the net income for the period?
(b) Assuming an additional investment of $16,000 but no distributions during the period, what is the net income for the period?