TB MC Qu. 8-44 (Algo) Blair Scott started a sole proprietorship by... 70 Blair Scott started a sole proprietorship by depositing $34,000 cash in a business checking account. During the accounting period the business borrowed $16,000 from a bank, earned $4,600 of net income, and Scott withdrew $5,800 cash from the business. Based on this information, at the end of the accounting period Scott's capital account contained a balance of: 2 points 8 02:20:57 Multiple Choice Skipped $38,600. $35,200. O $48,800. O $32,800