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From an analysis of the change in owners equity during the

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

December 31
Total Assets
Total Liabilities
2011
$476,899
$209,853
2012
$536,899
$259,853
2013
$666,899
$359,853

Andruw began business on January 1, 2011, with an investment of $93,368. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for:

(a) 2011, assuming Andruw's drawings were $24,994for the year.(a) 2011, assuming Andruw's drawings were $24,994for the year.

(b) 2012, assuming Andruw made an additional investment of $41,326and had no drawings in 2012.

(c) 2013, assuming Andruw made an additional investment of $15,816and had drawings of $30,400in 2013.

Reference no: EM13590849

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