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Accounting

The following amounts are available from the records of Coaches and Carriages Inc. at the end of the years indicated:
December 31 Total Assets Total Liabilities
2008 $25,000 $12,000
2009 79,000 67,000
2010 184,000 137,000
1. Compute the changes in Coaches and Carriages' owners' equity during 2009 and 2010.
2009 change in owners' equity $
2010 change in owners' equity $

2. Compute the amount of Coaches and Carriages' net income (or loss) for 2009 assuming that no dividends were paid and the owners made no additional contributions during the year.

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