Determine the Expenses for the Current Period Based on the Following

Essay

Determine the expenses for the current period based on the following data: $\begin{array}{ll}\text { Net income for the current period } &\$ 55,000 \\\text { Ending owner's equity } & 85,000 \\\text { Beginning owner's equity } & 49,000 \\\text { Owner withdrawals } & 19,000 \\\text { Revenue for the current period } & 96,000\end{array}$