Question: Please provide the accurate answer to this general accounting problem using appropriate methods. Jessica started her consulting business on January 1 with an investment of

Please provide the accurate answer to this general accounting problem using appropriate methods.

Jessica started her consulting business on January 1 with an investment of $100,000. During the year, the business earned $160,000 in revenues and incurred $92,000 in expenses. Jessica withdrew $30,000 for personal use during the year. What is the owner's equity at the end of the year? a) $108,000 b) $138,000 c) $70,000 d) $100,000

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