Suppose Hunt Company has receivables of $65,000, furniture totaling $205,000, and cash of $52,000. The business has

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose Hunt Company has receivables of $65,000, furniture totaling $205,000, and cash of $52,000. The business has a $109,000 note payable and owes $81,000 on account. How much is Hunt’s owner’s equity?

a. $28,000

b. $132,000

c. $190,000

d. $322,000