Question: Equity: Assets & Liabilities: $ 11,000 Owner contribution Beginning: 8,000 $ 67,000 Owner withdrawal Assets 205,000 Revenues 11,000 Liabilities Expenses Ending: $ 46,000 Assets Liabilities

 Equity: Assets & Liabilities: $ 11,000 Owner contribution Beginning: 8,000 $

Equity: Assets & Liabilities: $ 11,000 Owner contribution Beginning: 8,000 $ 67,000 Owner withdrawal Assets 205,000 Revenues 11,000 Liabilities Expenses Ending: $ 46,000 Assets Liabilities 34,000 Requirements: R1. Compute the missing amount for Felix Company. You will need to work through owner's equity. R2. Did Felix earn a net income or suffer a net loss for the year? Compute the amount

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