(Solution) - Garcia Enterprises had a capital balance of 168 000 at the -(2025 Original AI-Free Solution)

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Garcia Enterprises had a capital balance of $168,000 at the beginning of the period. At the end of the accounting period, the capital balance was $198,000.
(a) Assuming no additional investment or withdrawals during the period, what is the net income for the period?
(b) Assuming an additional investment of $13,000 but no withdrawals during the period, what is the net income for the period?