At the Beginning of the Year, Sigma Company's Balance Sheet

Multiple Choice

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000. During the year, the company reported total revenues of $226,000 and expenses of $175,000. Also, owner withdrawals during the year totaled $48,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be:

A) $123,000.
B) $120,000.
C) $78,000.
D) $174,000.
E) $171,000.