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 $80,000. Net income for the period is $37,000. The owner made no additional investments during the period. The owner's capital balance at the end of the period is $96,000. The amount the owner withdrew for personal use during the period is

A) $37,000.
B) $16,000.
C) $80,000.
D) $21,000.