Determine the Expenses for the Current Period Based on the Following

Essay

Determine the expenses for the current period based on the following data: $\begin{array}{llcc} \text {Net income for the current period } &\$15,000 \\ \text { Ending owner's equity } &45,000\\ \text { Beginning owner's equity } &40,000\\ \text { Owner withdrawals } &10,000\\ \text { Revenue for the current period } &90,000\\\end{array}$