Savvy Sightseeing had beginning equity of $78,000; revenues of $108,000, expenses of $71,000, and dividends to stockholders of $9600; there were no stock issuances. Calculate the ending equity.
A. $37,000.
B. $41,000.
C. $105,400.
D. $31,400.
E. $115,000.
Answer: C
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