You are logged in as Hamdan Almaeeni (Fall 2021) sec. 01 Luis Consulting started the year with total assets of $60,000 and total liabilities of $17,000. During the year, the business recorded $48,000 in consulting revenues and $36,000 in expenses Luis made an additional investment of $8,000 and withdrew cash of $9,000 during the year. The owner's equity at the end of the year was: Answer 7 A B I lii E &