The Following Information Is Available for the Higgins Travel Agency

Multiple Choice

The following information is available for the Higgins Travel Agency. After closing entries are posted, what will be the balance in the C. Higgins, Capital account?
$\begin{array}{llr} \text {Net Income } &\$42,500\\ \text { C. Higgins, Capital } &130,000\\ \text { C. Higgins, Withdrawals } &12,000\end{array}$

A) $99,500.
B) $130,000.
C) $75,500.
D) $184,500.
E) $160,500.