The beginning capital of the business totals $40,000 . If during the accounting period the owner invested an additional $30,000, the business made $50,000 in net income, and the owner withdrew $5,000 in cash, what is the new ending capital balance?
a. $120,000
b. $125,000
c. $115,000
d. $105,000
e. $135,000
c
Business
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