Assume the solo-owner of a typical LLC takes $60,000 in distributions from his business during 2020 and makes $10,000 of new equity investment in his business during 2020. Also assume the net income for the business was $90,000 for 2020 and owner's equity at December 31, 2019 was $100,000. What is the owner's equity of this business at December 31, 2020?

$260,000

$200,000

$140,000

$130,000