Given Below Are Several Accounts from Caterpillar Company's Accounting Records

Multiple Choice

Given below are several accounts from Caterpillar Company's accounting records.
$\begin{array}{lr}\text { Cash } & \$ 15,000 \\\text { Accumulated depreciation } & 7,000 \\\text { Retained earnings, beginning of year } & 22,000 \\\text { Contributed capital } & 25,000 \\\text { Patents } & 2,000 \\\text { Dividends } & 5,000\end{array}$
Net income for the year was $40,000. How much is total shareholders' equity at the end of the year?

A) $86,000.
B) $88,000.
C) $87,000.
D) $82,000.