On May 31 of the Current Year,the Assets and Liabilities

Multiple Choice

On May 31 of the current year,the assets and liabilities of Riser,Inc.are as follows: Cash $20,500;Accounts Receivable,$7,250;Supplies,$650;Equipment,$12,000;Accounts Payable,$9,300.What is the amount of owner's equity as of May 31 of the current year?

A) $8,300
B) $13,050
C) $20,500
D) $31,100
E) $40,400