Selected Financial Statement Accounts Are as Follows A) $103,000
B) $97,000
C) $19,000
D) $85,000

Multiple Choice

Selected financial statement accounts are as follows. How much is the firm's ending equity? $\begin{array}{lr}\text {Income for the year }&\$ 25,000\\\text {Dividends paid }&6,000\\\text {Beginning equity for the year }&56,000\\\text {Adclitional stock sold }&22,000\\\end{array}$

A) $103,000
B) $97,000
C) $19,000
D) $85,000