Saved Exercise 2-15 Computing net income LO A1 A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Assets Beginning of the year $93.000 End of the year 133,500 Liabilities $39.869 54,068 a. Owner made no investments in the business, and no withdrawals were made during the year. b. Owner made no investments in the business but withdrew $1.350 cash per month for personal use. c. Owner made no withdrawals during the year but did Invest an additional $45,000 cash. d. Owner withdrew $1,350 cash per month for personal use and invested an additional $35,000 cash, Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases: (Decreases in equity should be indicated with a minus sign.) d. | $ $ S C. 53,131 45,000 53,131 Beginning of the year-Equity Owner investments Withdrawals by owner Net income (loss) End of the year-Equity 53,131 0 of 53,131 $ of (16,200) 35,000 (16.2003 0 $