December 31 Total assets Total liabilities
2019 $458,000 $317,000
2020 538,000 367,000
2021 668,000 467,000

Hawke began business on January 1, 2019, with an investment of $100,000. From an analysis of the change in owner’s equity during the year, compute the net income (or loss) for:

(a) 2019, assuming Hawke’s drawings were $12,000 for the year.
(b) 2020, assuming Hawke made an additional investment of $34,000 and had no drawings in 2020.
(c) 2021, assuming Hawke made an additional investment of $12,000 and had drawings of $25,000 in 2021.