A Business Has Beginning Capital of $100,000

Multiple Choice

A business has Beginning capital of $100,000.During the year,sales revenues were $20,000,Sales returns and allowances were $300,Sales discounts were $700,Cost of goods sold were $12,000,and all other expenses totaled $4,500.$1,000 of withdrawals were taken.The ending balance in Capital,after closing entries,would be:

A) $119,000.
B) $98,500.
C) $101,500.
D) $1,500.