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Crane's Stationery started the year with total assets of $63000 and total liabilities of $38500. During the year, the business had a loss of $7800,

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Crane's Stationery started the year with total assets of $63000 and total liabilities of $38500. During the year, the business had a loss of $7800, the owner withdrew $3700, and during the year the owner made an additional investment of $4400 in the business. The capital balance for Crane's Stationery at the end of the year was $34800$47000$54800$17400

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