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At the beginning of the year, a company's balance sheet reported the following balances: Total Assets =$140,000; Total Llabilities =$77,250; and Owner's Capital $62,750. During

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At the beginning of the year, a company's balance sheet reported the following balances: Total Assets =$140,000; Total Llabilities =$77,250; and Owner's Capital $62,750. During the year, the company reported revenues of $47,350 and expenses of $30,900. In addition, owner's withdrawals for the year totaled $20,600. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be: Multiple Cholce $66,900 $4.150 $67,950 558,600 599,800

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