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What the owner equity at the end of the year

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Question - Marigold Consulting started the year with total assets of $60500 and total liabilities of $15500. During the year, the business recorded $48200 in consulting revenues and $29900 in expenses. Marigold made an additional investment of $10000 and withdrew cash of $14800 during the year. What the owner's equity at the end of the year?

a. $32700.

b. $58500.

c. $63300.

d. $53300.

Reference no: EM132832404

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