O HINT Activity 4.b - Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending equity to answer the rest of the questions. Assets Liabilities Beginning of Year: $27.000 $19,000 End of Year: $60,000 $25,000 1) What the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity Ending Equity 3) If the owner contributes $8,900 and the owner withdraws $40,200, how much is net income (loss)? 4) If net income is $3,900 and owner withdrawals are $7,700, how much did the owner contribute (owner, capital)? Net Income (Loss) Owner, Capital 43,800 and the owner withdraws $1,900, how 5) If the owner contributes $18,900 and net income is $19,200, how much did the owner withdraw (owner, withdrawals)? 6) If the ner contributes much is net income (loss)? Owner Withdrawals Net Income (Loss)