The total assets and liabilities at the beginning and end of the year for Luther Company follow.

Determine Luther 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 $27,500 during the year?

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Assets Liabilities eginning of the vear End of the year 275,000 162,500