Jayantha commenced business on 1 January 2021with equity of 105,000.

During the year ending on 31 December2021

he paid 94,000to purchase goods for sale (all of which were sold) and 32,450 for various expenses. He received 138,750 from the sale of goods. Jayantha has drawn

13,000 in cash and introduced a motor car valued at 11,000 to the business. What is Jayantha's equity at 31 December 2021?