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Vianova Incorporation started the year with total assets of $80,000 and total liabilities of $30,000. During the year, the business earned revenues of $120,000 and incurred expenses of $70,000. Vianova's owner made no additional capital contributions during the year, but did make withdrawals of $60,000. What is the amount of owner's equity at the end of the year? Select one: O $60,000 O $70,000 O $120,000 O S40,000 O $30,000 Nayt A