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 $36,000. Net income for the period is $16,000. The owner withdrew $20,000 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) $40,000.
B) $72,000.
C) $32,000.
D) $36,000.