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At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 20,000 Accounts Receivable $ 48,000 Land $

At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable $ 20,000 Accounts Receivable $ 48,000 Land $ 248,000 Cash ? Capital Stock ? Equipment $ 128,000 Building $ 188,000 Notes Payable $ 198,000 Retained Earnings $ 168,000 If Cash at December 31, Year 1, is $34,000, total owners' equity is: Multiple Choice $386,000. $168,000. $646,000. $428,000

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