Mirah Company Compiled the Following Financial Information as of December

Multiple Choice

Mirah Company compiled the following financial information as of December 31 2016: $$\begin{array} { l r } \text { Revenues } & \$ 340,000 \\\text { Owner's Capital (1/1/16) } & 140,000 \\\text { Equipment } & 80,000 \\\text { Expenses } & 240,000 \\\text { Cash } & 90,000 \\\text { Owner's Drawings } & 20,000 \\\text { Supplies } & 20,000 \\\text { Accounts payable } & 40,000 \\\text { Accounts receivable } & 70,000\end{array}$$ Mirah's owner's equity on December 31 2016 is

A) $100000.
B) $140000.
C) $220000.
D) $260000.