Hello tutor please given General accounting question answer do fast and properly explain all answer

At the beginning of the year, owners' equity totaled $150,000. During the year, net income was $45,000, and dividends of $20,000 were declared and paid. Owners' equity at the end of the year was: a) $160,000 b) $175,000 c) $140,000 d) $185,000