If the Assets of Martin's Pet Store Are $107,000 and the Owners

Multiple Choice

If the assets of Martin's Pet Store are $107,000 and the owners' equity is $75,000, which of the following is a correct statement?

A) The owners' investment equals $182,000.
B) The current assets are worth $32,000.
C) The new income for the period is $32,000.
D) The long-term liabilities are $75,000.
E) The liabilities are $32,000.