Quostions 15 to 20 rofer to the following example. Red Dawn, a specialst widgec retaier started business on 1 January 2021 . In the feat year, the business made the fotlowing transactons: 1. The cwners placed 50,000 of their own tunds inso the Dusiness bank acoourh. 2. Tho buainess used the bark account to bioy shop fofures and fitings which cost f16.000. 3. The business used the bark account to bby now inventory for 210.000 4 The business bougtht further ithentofy of E9,000 on crede. 6. The shop soid 58,000 of its inventory for E14,000 fo customers through the shop tor cash. 6. Also, the business soid goods that cost 26.000 to ancther busness for 88.000 on creds 7 The bizwesh paid 59,000 in rent from tho bank account. This covered the 18 monens to 30 June 2022 . 8. The busitess caloulated depenciation on two atraigherine method at 10 per cent per anmum. 9. Although the bal had not been recewed, the owrars estimated that the enctricify would be 22.000 for the yoMr. 10. The owners withdrow 86,000 in cash for thes own use. Quemon 18. What is the value of the total equit at 31 December 2021? a. 299,500 b. 235.000 c. 37.400 d. 42,400