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On a statement of owner's equity, beginning capital is $43,000, Net Income for the year is $17,500 and Drawing for the year is $7,300, the

On a statement of owner's equity, beginning capital is $43,000, Net Income for the year is $17,500 and Drawing for the year is $7,300, the ending capital amount would be:

Multiple Choice:

1. $67,800

2. $43,000

3. $53,200

4. $32,800

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