On January 1 of the current year, Jimmy's Sandwich Company reported owner's capital totaling $123,500. During the current year, total revenues were $97,000 while total expenses were $86,500. Also, during the current year Jimmy withdrew $21,000 from the company. No other changes in equity occurred during the year. The change in owner's capital during the year was:

Multiple Choice

A decrease of $10,500.

An increase of $10,500.

An increase of $31,500.

A decrease of $31,500.

An increase of $73,500