Danube Company purchased a used machine for $19,000. The machine required installation costs of $7,000 and insurance while in transit of $1,800. At which of the following amounts would the machine be recorded? A. $19,000 B. $20,800 C. $27,800 D. $26,000 Precision Camera Services started the year with total assets of $80,000 and total liabilities of $55,000. The revenues and the expenses for the year amounted to $140,000 and $60,000, respectively. During the year, the company did not receive any additional capital, but the owner did withdrawal $55,000. What is the amount of equity at the end of the year? A. $140,000 B. $50,000 C. $60,000 D. $55,000