Question 16 of 20 A young man who handcrafts gecko and caveman toys wants to start selling them out of his home. He pulls all of his savings and his toy worth together for a starting equity of $10,000. His toys sell well the first month, and his income is $7,500. Because of his low-cost methods, he keeps his expenses down. He has no other expense besides taxes of $1,500. What would he record under equity on his ending balance sheet for his first month? o A. $19,000 o B. $17,500 o C. 16,000 O D. $15,000