TB MC Qu. 04-102 Tara Westmont, the proprietor of Tiptoe ...

Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $205,000, expenses of $113,700, and withdrew $26,000 from the business during the current year. The owners capital account before closing had a balance of $317,000. The ending owners capital balance after closing is:

Multiple Choice

• $205,000

• $65,300

• $91,300

• $382,300

• $408,300