Eric Lu began a small business on 1 July 2015 by depositing $247,500 into a business bank account

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Eric Lu began a small business on 1 July 2015 by depositing $247,500 into a business bank account. On 30 June for the next 3 years, the assets and liabilities of the business were as follows:

 

30 June	Total assets	Total liabilities
2016	$574,200	$346,500
2017	643,500	366,300
2018	732,600	415,800

 

 

By analysing the changes in equity each year, calculate the profit (loss) made by the business for each year ending 30 June, assuming the following events also occurred.

 

1.	On 1 January 2016, Eric withdrew $19,800 in cash from the business for personal use.
2.	On 28 August 2016, Eric invested additional cash of $29,700 into the business.
3.	On 31 July 2017, Eric invested additional cash of $24,800 into the business.
4.	On 28 January 2018, Eric withdrew $29,700 in cash for personal use.

 

 

(Enter negative amounts using either parentheses, for example (400), or a negative sign preceding the number, for example -400.)

 

Profit (loss) for 30 June 2016	$
Profit (loss) for 30 June 2017	$
Profit (loss) for 30 June 2018	$