During 2020, its first year of operations, Aida's Bakery had revenues of $65000 and expenses of $35000. The business had owner's drawings or dividends of $22000. What is the amount of owner's equity at December 31, 2020, if the beginning balance was $-0-?

A) $8,000 credit

B) $220,000 credit

C) $0

D) $30,000