$2,000$ and ending equity $=11,500$

C$.$ $$30,500,$ Revenu $+$ Net Income $-4,000=11,500$; Net Income $=$

D$.$ $$25,000$

Revenues $-21,000=13,500$; Revenues $=$$$34,500$

E$.$ none of the above are correct

On December $30,$ a firm's balance sheet showed assets of $$390,000,$ liabilities of $$180,000,$ and owner's

equity of $$210,000.$ On December $31$ the firm $(1)$ paid off Accounts Payable of $$49,000,$ and $(2)$ paid rent

of $$16,000$ due on their building. If a new balance sheet is prepared after these transactions, assets, liabilities,

and owner's equity, respectively, would be equal to:

A$.$ $$325,000,$$$131,000,$ and $$194,000$

B$.$ $$325,000,$$$115,000,$ and $$210,000$

C$.$ $$325,000,$$$180,000,$ and $$145,000$

D$.$ $$341,000,$$$131,000,$ and $$210,000$

E$.$ none of the above are correct