The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $35,000. The owner withdrew $18,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
A. $133,000.
B. $63,000.
C. $80,000.
D. $97,000.
Answer: D
Business
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