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Kevin's Small Engine Repair Shop, a proprietorship, started the year with total assets of $53300 and total liabilities of $32600. During the year, the business
Kevin's Small Engine Repair Shop, a proprietorship, started the year with total assets of $53300 and total liabilities of $32600. During the year, the business recorded $121000 in repair revenues, $79000 in expenses, and Kevin Simpson, the owner, withdrew $17300. Kevin's capital balance changed by what amount from the beginning of the year to the end of the year? Select answer from the options below $20700. $8800. $33500. $24700.
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