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answer part 1 and 2 At the beginhing of the year, a company's balance sheet reported the following balances: Total Assets = $225,000; Total Liabilities

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At the beginhing of the year, a company's balance sheet reported the following balances: Total Assets = $225,000; Total Liabilities =$90,000; and Owner's Capitai =$135,000. During the year, the company reported revenues of $55,000 and expenses of $36,000 : In addition, owner's withdrawals for the year totaled $24,000. Assuming no other changes to owner's capital, the balance in the owners capial account at the end of the year would be: Wusiple choice $79000 sin(0000 45,000 swoon sisoos At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $366,000 and Total Liabilities of $141,500. During the year, the company teported total revenues of $435,000 and expenses of $336,500. Also, owner withdrawals during the year totaled $86,000: Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be: Nuniple Cholce 3372.500 130000 32yono Hacono oo

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