On December $31$ of the current year company reported the following items on its balance sheet cash $$10,500$ accounts payable $$50,000$ supplies $$2300900,000$Question $32$

On December $31$ of the current year, a company reported the following items on its balance sheet: Cash

$$10,500$; Accounts Payable $$50,000$; Supplies $$2,300$; Land $$102,400$; Accounts Receivable $$5,200$; Wages

Expense $$56,000.$ What amount should be reported as owner's capital?

$$104,000$

$$14,400$

$$70,400$

$$160\mathrm{.}000$