Jayantha commenced business on 1 January 20X8 with equity of 90,000. During the year ending on 31 December 20X8 he paid 92,000 to purchase goods for sale(all of which weresold) and 31,450 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 isJayantha's equity at 31 December