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What owner equity being the sum of paid-in capital was

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Problem 1: At the beginning of the year, paid-in capital was $82 and retained earnings were $46. During the year, the owners invested $24 and dividends of $5 were declared and paid. Profit reported for the year was $12. Owner's equity being the sum of Paid-in Capital and Retained Earnings, at the end of the year was:

Group of answer choices

Option 1: $106

Option 2: $135

Option 3: $152

Option 4: $159

Reference no: EM133002558

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