The total assets and liabilities at the beginning and end of the year for Schupan Company are listed below:

Determine Schupan Company's net income or loss for the year under each of the following alternatives:
1. The owner made no investments in or withdrawals from the business during the year.
2. The owner made no investments in the business but withdrew $27,500 during the year.
3. The owner invested $16,250 in the business but made no withdrawals during the year.
4. The owner invested $12,500 in the business and withdrew of $29,000 during the year.

Assets Liabilitics Beginning of the year End of the year S180,000 275,000 S 68,750 150,500