Accounting equationAnnie Rasmussen is the owner and operator of Go44, a motivational consulting business.At the end of its accounting period, December 31, 2015, Go44 has assets of $720,000 and liabilities of 180,000. Using the accounting equation and considering each case in dependently , determine the following amounts.a. Annie Rasmussen , capital as of December 31, 2015b. Annie Rasmussen , capital as of December 31, 2016 assuming that assets increased by $96,500 and liabilities increased by $30,000 during 2016.c. Annie Rasmussen, capital as of December 31, 2016 assuming that assets decreased by $168,000 and liabilities increased by $ 15,000 during 2016.d. Annie Rasmussen, capital as of December 31, 2016, assuming that assets increased by $175,000 and liabilities decreased by $ 18,000 during 2016.e. Net income (or net loss) during 2016, assuming that as of December 31,2016 assets were $880,000, liabilities were $220,000, and there were no additional investments or withdrawals.
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