Teamboo Company's Owner's Equity at the Beginning of August 2016

Multiple Choice

Teamboo Company's owner's equity at the beginning of August 2016 was $740000. During the month the company earned net income of $175000 and owner's drawings were $80000. At the end of August 2016 what is the balance in owner's equity?

A) $660000
B) $740000
C) $820000
D) $835000