At the beginning of the year, a company's balance sheet reported the following balances:Total Assets = $195,000; Total Liabilities = $85,500; and Owner's Capital = $109,500. During the year, the company reported revenues of $52,300 and expenses of $34,200. In addition, owner's withdrawals for the year totaled $22,800. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be:
A. $104,800.
B. $150,400.
C. $4700.
D. $114,200.
E. $75,100.
Answer: A
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