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Data Table May 31, 2024 June 30,...

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Question

Accounting

Data Table

May 31, 2024

June 30, 2024

Total Assets

$177,000

$231,000

Total Liabilities

88,000

122,000

For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss during June 2024. (Use a minus sign or parentheses for a net loss.)

c. The owner made contributions of $5,000 and withdrew cash of $22,000.

Net income (loss) is

?

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