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S UNIT 2 - CHALLENGE 2: Financial Staten Paula prepared a statement of changes in owner's equity to determine the possibility of opening more locations for her car wash business. She used the following totals to help in her calculations: Beginning Balance $120,000 Cash=$5,000 Revenues = $10,000 Capital added = $10,000 Net income = $30,000 Expenses = $40,000 Owner's Withdrawals = $115.000 What would be the ending balance on the Statement of Changes of Equity given this data? a.) $55,000 b.) $15,000 oc.) $45.000 Type here to search