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$1\mathrm{.}6$ Preparing Financial Statements

Parker Parties began the year with owner's equity of $$71,000.$ During the year, Parker contributed $$8,000$ cash and assets. The expenses for the year were $$260,000,$ and drawings were $$19,000.$ If Parker's ending owner's equity was $$75,000,$ what was the revenue for the year?

$$291,000$

$$275,000$

$$259,000$

$$283,000$