A summary of selected ledger accounts appear below for S. Ball for the current calendar year. 
Answer the following questions.
1. What was the total amount of withdrawals for the year?
2. What was the net income?
3. What was the total revenue?
4. What were the total expenses?
Definitions:
Doctrine of Promissory Estoppel
A legal principle that prevents a promisor from retracting a promise that the promisee has relied upon, resulting in a significant change of position.
Disputed Debt
A disagreement between a creditor and a debtor over the existence, amount, or terms of repayment of a debt.
Mutual Assent
refers to the agreement between parties in a contract, shown by a valid offer and acceptance, which is required for a contract to be enforceable.
Valid Consideration
Valid Consideration is a necessary component of a legally binding contract, involving something of value exchanged between the parties involved.
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