At December 31, Year 1, the accounting records of Braun Corporation contain the following items:

Accounts Payable	$ 16,000	Accounts Receivable	$ 40,000
Land	240,000	Cash	?
Capital Stock	?	Equipment	120,000
Building	180,000	Notes Payable	190,000
Retained Earnings	160,000

If Cash at December 31, Year 1, is $26,000, total owners' equity is:

Select one:

a. $160,000.

b. $366,000.

c. $606,000.

d. $400,000.