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Doc s Ribhouse had beginning equity of $ 6 7 , 0 0 0 ; net income of $ 4 0 , 0 0 0

Docs Ribhouse had beginning equity of $67,000; net income of $40,000, and withdrawals by the owner of $17,000. The owner made no investments during the year. Calculate the ending equity.
Multiple Choice
$44,000.
$10,000.
$124,000.
$90,000.

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