On May 1, 2013, Padilla Inc. reported owner's equity of $136,000.During the month, Padilla generated revenues of $20,000 and incurred expenses of $12,000, purchased equipment worth $5,000, and withdrew cash of $2,000.What is the amount in owner's equity on May 31, 2013?

$136,000

$8,000

$137,000

$142,000