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 = $125,000; Total Liabilities = $75,000; and Owner's Capital = $50,000. 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) $66,000.
B) $86,000.
C) $(4,000) .
D) $46,000.
E) $54,000.