Paula prepared a statement of changes in owner's equity to determine the possibility of opening more locations for her car wash business. Sheused the following totals to help in her calculations:

Beginning Balance $120,000

Cash = $5,000

Revenues = $10,000

Capital added = $10,000

Net income = $30,000

Expenses = $40,000

Owner's Withdrawals = $115,000

What would be the ending balance on the Statement of Changes of Equity given this data?

• a.)
• $45,000
• b.)
• $50,000
• c.)
• $55,000
• d.)
• $15,000