In the Current Year, Taylor Company Incurred a Net Loss

Multiple Choice

In the current year, Taylor Company incurred a net loss of $70,000. The owner of the company regularly invested $7,000 per month in the business. The owner's capital account will show a net:

A) increase of $7,000.
B) increase of $14,000.
C) decrease of $63,000.
D) increase of $77,000.
E) decrease of $7,000.