On May 31 of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash \$12,300; Accounts Receivable, \$6,750; Supplies, \$750; Equipment, \$11,300; Accounts Payable, $8,650. What is the amount of equity as of May 31 of the current year? Multiple Choice $39,750. $12,100. $12,300. $22,450. $31,100