Kelly Company Has Total Assets, Liabilities, and Shareholders' Equity of $32,000

Multiple Choice

Kelly Company has total assets, liabilities, and shareholders' equity of $32,000, $17,000, and $15,000, respectively at the beginning of 2018. If Kelly reports revenues of $130,000, expenses of $80,000, and pays dividends of $30,000, how much is shareholders' equity at the end of 2018?

A) $35,000
B) $53,000
C) $44,000
D) Not enough information to determine.