Please assist in solving for the missing figures shown by the highlighted boxes.

act.pearsoncmg.com/activity/1/4/2 Q Accounting Cycle Tutorial Step 1: Account Balances OOO.OOO 4 Balancing the Expanded Accounting Equation Glossary Activity 4.b - Using the Expanded Accounting Equation ? HINT 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: $28,000 $17,000 End of Year: $60,000 $29,000 1) What is the equity at the beginning of the year? 2) What is the equity at the end of the year? Beginning Equity 11000 Ending Equity 31000 3) If the owner contributes $6,000 and the owner withdraws $39,700, how much is net 4) If net income is $1,600 and owner withdrawals are $8,400, how much did the owner income (loss)? contribute (owner, capital)? Net Income (Loss) 50700 Owner, Capital 21200 5) If the owner contributes $18,100 and net income is $18,200, how much did the owner 6) If the owner contributes $42,700 and the owner withdraws $1,800, how much is net withdraw (owner, withdrawals)? income (loss)? Owner, Withdrawals 5577 Net Income (Loss) 8766 CHECK ANSWER Please review your answer and try again