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Business, 19.07.2019 01:00 A2002A

Al shea is the sole owner and operator of saw tooth company. at the end of its accounting period, december 31, 2005, sawtooth company has assets of $925,000 and liabilities of $285,000. during 2006, al shea invested an additional $50,000 and with drew $30,000 from the business. what is the amount of net income during 2006, assuming that as of december 31, 2006 net assets were $980,000 and liabilities were $225,000?

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