TB MC Qu. 04-107 The F. Mercury, Capital account has...

The F. Mercury, Capital account has a credit balance of $28,050 before closing entries are made. If total revenues for the period are $87,700, total expenses are $64,500, and withdrawals are $14,850, what is the ending balance in the F. Mercury, Capital account after all closing entries are made?

Multiple Choice

• $13,200.

• $23,200.

• $36,400.

• $28,050.

• $51,250.