On May 31 of the Current Year, the Assets and Liabilities

Multiple Choice

On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300. What is the amount of owner's equity as of May 31 of the current year?

A) $13,050.
B) $49,700.
C) $40,400.
D) $31,100.
E) $20,500.