El Centro Company began the year with owner's equity of $30,000. During the year, El Centro received additional owner investments of $42,000, recorded expenses of $120,000, and had owner drawings of $12,000. If El Centro's ending owner's equity was $112,000, what was the company's revenue for the year?

a. $214,000.
b. $172,000.
c. $202,000.
d. $164,000.



Answer :

Other Questions