Connect Assignment Blue Water Kayak began operations on January 1,2022. The owner invested $16,000...
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Accounting
Connect Assignment
Blue Water Kayak began operations on January The owner invested $ during the first year and was able to withdraw cash of $ after a successful first year.
During the second year of operations, the business reported profit of $ owner withdrawals of $ and no owner investments.
In the third year, Blue Water Kayak incurred a loss of $ The owner made no withdrawals and no owner investments during this period. At the end of owner's capital was $
Required:
Calculate the profit or loss for
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