If the value of owner's equity is initially $10,000, calculate the value of owner's equity after the following transactions: cash revenues $9,000, prepay rent $3,000, pay bank loan principal $2,000, pay maintenance fees $4,000 and buy a computer on account for $1,000.

a) $11,000

b) $15,000

c) $9,000

d) $13,000

e) None of the choices listed

Under IFRS, what is the balance sheet known as?

a) Statement of Charges in equity

b) Statement of Comprehensive Income

c) Balance Sheet

d) Statement of Financial Position

e) None of the choices listed