The Beginning Capital Balance Shown on a Statement of Owner's

Multiple Choice

The beginning capital balance shown on a statement of owner's equity is $64,000. Net income for the period is $23,000 and the owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is

A) $64,000.
B) $117,000.
C) $71,000.
D) $57,000.