Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions.

Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation

Account	Balance 12/31/2017
Accumulated depreciation	$7,650
Accounts payable	$6,875
Accounts receivable	$8,000
Cash	$3,750
Common stock	$15,625
Inventory	$11,250
LongminusTerm debt	$17,750
Plant, property, and equipment	$37,000
Retained earnings	$12,100

Refer to the Balance Sheet Accounts of MAC Corporation. The value of equity for the

yearminusend

is ________.

A.

27,725

B.

$11,090

C.

$11,740

D.

$16,625