21. The beginning capital balance shown on a statement of owner's equity is $64,000. Net income for the period is $23,000 and the owner withdrew $30,000 cash from the business and made no additional...

21. The beginning capital balance shown on a statement of owner's equity is $64,000. Net income for the period is $23,000 and the owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is

Multiple Choice

• 
  
  
  

  
  

  $117,000.

  
  
  
  


• 
  
  
  

  
  

  $64,000.

  
  
  
  


• 
  
  
  

  
  

  $71,000.

  
  
  
  


• 
  
  
  

  
  

  $57,000.