View Policies Current Attempt in Progress Shane Cooke began a business, Cooke Company, on January 1, 2024, with an investment of $ 100,000. The company had the following assets and liabilities on the dates indicated: Total December 31 Total Assets Liabilities 2024 $370,000 $210,000 2025 440,000 290,000 2026 525,000 355,000 Use the accounting equation and the change in owner's equity during the year to calculate the profit (or loss) for: (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) 2024, assuming Shane Cooke's drawings were $50,000 for the year. Profit / (Loss) $ (b) 2025, assuming Shane Cooke made an additional investment of $40,000 and had no drawings in 2024. Profit / (Loss) $ (c) 2026, assuming Shane Cooke made an additional investment of $10,000 and his drawings were $60,000 for the year. Profit / (Loss) $ eTextbook and Media