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Exercise 2-24 (Algo) Computing net income LO P1 A company had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $ 80,000 128,000 Liabilities $ 34,296 51,840 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, and dividends paid were $12,600 during the year. c. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. d. Dividends paid were $12,600 during the year, and the owner did invest an additional $35,000 cash near year-end in exchange for common stock. Determine net income or net loss for the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) a. b. c. d. Beginning of the year-Equity $ 45,704 $ 45,704 $ 45,704 $ 45,704 Owner investments 0 45,000 Dividends oi 0 Net income (loss) End of the year-Equity $ 0 $ 0 $