Question: Your answer is partially correct.Try again. Oriole Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2019$463,000$193,0002020$523,000$243,0002021$653,000$343,000

Your answer is partially correct.Try again.

Oriole Company had the following assets and liabilities on the dates indicated.

December 31

Total Assets

Total Liabilities

2019$463,000$193,0002020$523,000$243,0002021$653,000$343,000

Oriole began business on January 1, 2019, with an investment of $90,000.

From an analysis of the change in owner's equity during the year, compute the net income (or loss) for:

(a)2019, assuming Oriole's drawings were $21,000for the year.

Net loss

Net income

for 2019$

(b)2020, assuming Oriole made an additional investment of $45,000and had no drawings in 2020.

Net income

Net loss

for 2020$

(c)2021, assuming Oriole made an additional investment of $19,000and had drawings of $18,000in 2021.

Net income

Net loss

for 2021$

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