A company had the following assets and liabilities at the beginning and end of a recent...

A company had the following assets and liabilities at the beginning and end of a recent year.

Determine the net income earned or net loss incurred by the business during the year for each of the following

separate cases:

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 $650 cash per month for personal use.

c. No withdrawals were made during the year but the owner invested an additional $45,000 cash.

d. Withdrew $650 cash per month for personal use and the owner invested an additional $25,000 cash.