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What is value of owners equity at the end of the reporting

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Problem 1: RU Candy has an opening balance of owners equity of $250 000, income of $1 340 000, expenses of $650 000, contributions during the accounting period of $70 000, and distribution to owners during the accounting period of $24 000, what is the value of owners equity at the end of the reporting period?

a. $916 000.
b. $986 000.
c. $110 000.
d. $296 000.
e. None of these choices.

Reference no: EM132967596

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