Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $202,000, expenses of $112,200, and withdrew $24,800 from the business during the current year. The owners capital account before closing had a balance of $314,000. The ending owners capital balance after closing is:

A) $202,000

B) $65,000

C) $89,800

D) 379,000

E) 403,800