Please answer the following question

Question 3 (10 points) A sole trader has a following Assets and Liabilities at 2 financial year end: 31-Dec-18 31-Dec-19 $ $ 28,000 30,000 5,000 ASSETS Cash at bank Inventory Prepaid insurance Accounts Receivable Motor vehicles Land and Buildings 36,000 28,000 10,000 12,000 40,000 80,000 14,000 40,000 80,000 $ $ LIABILITIES Account Payable Accrued expenses Mortgage Bank Loan 20,000 8,000 8,000 20,000 20,000 5,000 12,000 21,000 Instruction: a. Calculate the equity for each year (4 points) b. Assume that the owner invest another $16,000 during the year 2019. Calculate net income (net loss) for the year 2019 (6 points)