Final answer:
To compute the net income or net loss for April, analyze the owner's equity columns. Net income is calculated by subtracting expenses from revenues. Review the owner's equity details to determine the net income or net loss.
Step-by-step explanation:
To compute the net income or net loss for April, you need to analyze the owner's equity columns. Net income is calculated by subtracting expenses from revenues. If the owner's equity increased during April, it indicates a net income. On the other hand, if the owner's equity decreased, it suggests a net loss.
For example, let's say the owner's equity at the beginning of April was $10,000 and at the end of April it was $12,000. In this case, the net income for April would be $2,000.
It's important to review the specific details provided in the owner's equity columns to determine the net income or net loss for April.