A merchandiser uses a perpetual inventory system. The beginning Owner, Capital balance of the merchandiser was $130,000. During the year, Sales Revenue amounted to $85,000, Cost of Goods Sold was $40,000, and all other expenses totaled $12,000. Owner withdrawals were $25,000. There were no new capital contributions during the year. The ending balance of Owner, Capital would be ________.

130,000

163,000

188,000

138,000