Lim Began Business on January 1, 2008, with an Investment

Lim began business on January 1, 2008, with an investment of $100,000.
Instructions
From an analysis of the change in owner's equity during the year, compute the net income (or
loss) for:
(a) 2008, assuming Lim's drawings were $25,000 for the year.
(b) 2009, assuming Lim made an additional investment of $60,000 and had no drawings in
2009.
(c) 2010, assuming Lim made an additional investment of $15,000 and had drawings of
$40,000 in 2010.