Use the Following Information for Questions

Multiple Choice

Use the following information for questions.
Plumbers-on-the-Go Ltd. started the year with total assets of $120,000 and total liabilities of $75,000. During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500.
-Shareholders' equity at the end of the year was

A) $79,500.
B) $45,000.
C) $82,000.
D) $77,000.