Learni E1-20 Using the accounting equation Compute the missing amount in the accounting equation for each entity from the financial information presented: Assets Liabilities Equity Newton Gas $ ? $ 64,000 $ 80,000 Vegas Video Rentals 65,000 25,000 Cline's Grocery 200,000 43,000 E1-21 Using the accounting equation Green City Builders' balance sheet data at May 31, 2016, and June 30, 2016, follow: May 31, 2016 June 30, 2016 $ 188,000 Total assets Total liabilities $ 244,000 88,000 122,000 For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss during June 2016. a. The owner contributed $7,500 to the business and made no withdrawals. b. The owner made no contributions. The owner withdrew cash of $13,000. c. The owner made contributions of $20,000 and withdrew cash of $18,000