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The net income of Edwards Corporation amounted to $75,000 for this year. The beginning balance of owner's equity was $30,000 and the ending balance was

The net income of Edwards Corporation amounted to $75,000 for this year. The beginning balance of owner's equity was $30,000 and the ending balance was $72,000. The company received no new contributions during the year. What was the amount of the owner's withdrawals during the year?

$72,000

$33,000

$147,000

$30,000

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