Based on the accounting equation, the amount for each case can be independently determined as follows:
a. The Penny Lyman, capital, as of December 31, 20Y1, is <u>$494,000.</u>
b. If assets increased by $88,000 and liabilities increased by $27,000, the Penny Layman, capital, as of December 31, 20Y2, is <u>$555,000</u>.
c. If assets decreased by $151,000 and liabilities increased by $13,000, the Penny Layman, capital, as of December 31, 20Y2, is <u>$330,000</u>.
d. If assets increased by $152,000 and liabilities decreased by $16,000 during 20Y2, the Penny Layman, capital, as of December 31, 20Y2, is <u>$672,000</u>.
e. Assuming that as of December 31, 20Y2, assets were $782,000, liabilities were $196,000, and there were no additional investments or withdrawals, and the capital remained $494,000 of 20Y1, then the net income or (loss) for 20Y2 is <u>$92,000</u> ($782,000 - $196,000 - $494,000)
<h3>Data and Calculations:</h3>
Assets at December 31, 20Y1 =$659,000
Liabilities = $165,000
Capital = Assets - Liabilities
= $494,000 ($659,000 - $165,000)
<h3>20Y2:</h3>
Assets = $747,000 ($659,000 + $88,000)
Liabilities = $192,000 ($165,000 + $27,000)
Capital = $555,000 ($747,000 - $192,000)
<h3>Question C:</h3>
Assets = $508,000 ($659,000 - $151,000)
Liabilities = $178,000 ($165,000 + $13,000)
Capital = $330,000 ($508,000 - $178,000)
<h3>Question d:</h3>
Assets = $821,000 ($659,000 + $162,000)
Liabilities = $149,000 ($165,000 - $16,000)
Capital = $672,000 ($821,000 - $149,000)
<h3>Question Completion:</h3>
a. Penny Lyman, capital, as of December 31, 20Y1. $
b. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $88,000 and liabilities increased by $27,000 during 20Y2. $
c. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets decreased by $151,000 and liabilities increased by $13,000 during 20Y2. $
d. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $152,000 and liabilities decreased by $16,000 during 20Y2.
e. Net income (or net loss) during 20Y2, assuming that as of December 31, 20Y2, assets were $782,000, liabilities were $196,000, and there were no additional investments or withdrawals.
Learn more about the accounting equation here: brainly.com/question/24401217
