At the Beginning of the Year, a Company's Balance Sheet

Multiple Choice

At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $225,000; Total Liabilities = $125,000; and Owner's Capital = $100,000. During the year, the company reported revenues of $46,000 and expenses of $30,000. In addition, owner's withdrawals for the year totaled $20,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be:

A) $116,000.
B) $136,000.
C) $96,000.
D) $104,000.
E) $24,000.