Match the given scenarios to the different phases in business cycle. Onyx Corp. has decided
to make long term
investments
The economy of the country
has recorded its highest
employment rate
Jewel Inc. has decided
to lay off some of its
employees
Jones family's purchasing
power is higher than ever
Onyx Corp. is hiring
workers for its factory
Jewels Inc.'s sales
have dipped

On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was: