Mellony is the sole owner of Parameter Company. As of December 31, 2021, Parameter had assets of $916,669 and liabilities of $277,610. During 2022, Mellony invested an additional $28,085 and withdrew $25,217 from the business. At December 31, 2022, assets were $989,653 and liabilities were $237,124. 

What is the amount of net income during 2022?

Answer rating: 100% (QA)

To calculate the amount of net income during 2022 we need to consider the changes in owners equity c... View the full answer