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The profit made by a business in 20X7 was $30,400. The owner injected new capital of $10,200 during the year and withdrew monthly $1000.
Question 1: If capital at the end of 20X7 were $95,100, what was the owner's capital at the beginning of the year?
Option A $61,000
Option B $66,500
Option C $74,900
Option D $145,700
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