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The Accounts of Mason Company at the End of the Past

Question 121

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The accounts of Mason Company at the end of the past year report the following amounts:
 Accounts  Amount Owner Withdrawals, G. Mason. $15,500Revenues $97,000Expenses $43,800Owner investments 2,000\begin{array} { l }\text { Accounts }&\text { Amount }\\ \text {Owner Withdrawals, G. Mason. } &\$15,500 \\ \text {Revenues } &\$97,000 \\ \text {Expenses } &\$43,800 \\ \text {Owner investments } &2,000 \\\end{array}

If the beginning equity for the year was $173,000, calculate the ending equity for Mason Company.

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