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 \$

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 a

30-Jun Total…