Tyler's Toe Coverings:

Statement of Changes

in Owner's Equity

Beginning Balance $?$

Net Income $$22,000$

Drawings $$1,500$

Ending Balance $$76,500$

What is the total beginning balance in the statement of changes in owner's equity that Tyler drafted for his shoe store?

A$.)$

$$56,000$

B$.)$

$$53,000$

C$.)$

$$23,500$

D$.)$

$$20,500$