On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $27,000; Accounts Receivable, $7,950; Supplies, $1,300; Equipment, $12,700; Accounts Payable, $10,050. What is the amount of equity as of May 31 of the current year? a $59,000. b $13,150. c $27,000. d $38,900. e $48,950