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What is Bill's ending owner's equity on a statement of changes in owner's equity if his records show $8,000 in investment by owner, $25,000 in

What is Bill's ending owner's equity on a statement of changes in owner's equity if his records show $8,000 in investment by owner, $25,000 in net income, $9,000 in expenses and $4,000 in owner drawings?

  • $24,000
  • $38,000
  • $46,000
  • $29,000

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