December 31
Total Assets Total Liabilities
2009 400,000 250,000
2010 460,000 300,000
2011 590,000 400,000
Lily Began business on Jan 1,2009 with an investment of 100,000
From the change of equity during the year compute the total net income (or loss) for the following situations

A 2009 assuming lilys drawings were 15,000 for the year
B 2010 assuming lily made an additional investment of 50,000 and had no drawings for 2010
C. 2011 assuming lily made an additional investment of 15,000 and had drawings of 30,000 in 2011