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Accounting in Action Challenge Exercise I I The total assets and liabilities ot Robot Company at January 1 and December 31, 2020 are presented below Assets Liabilities S76,ooo Sl 12,000 28 goo Assume owner's drawings Of $10,800 were pad and no a"tional investrnent was made during the year. Revenues were SI 10,000. Cornpute (a) net hcome, and (b) expe nses. 2. Assume an additional investment was made tor $4,800 and no drawings were paid during the year. Expenses were $42,000, Compute (a) net income, and (b) revenues. Assume an additional nvestment was made for $62,000 and drawings Of SI 5.600 were paid during the year. Compute net income. Assume an additk)nal investment was made for $6,000, and net was $51 4. Compute the drawings paki.