Question: The beginning capital balance shown on a statement of changes in equity is 410,000. Net loss for the period is 40,000 and the owner withdrew

The beginning capital balance shown on a statement of changes in equity is 410,000. Net loss for the period is 40,000 and the owner withdrew from the business 60,000 cash and merchandise sold by the business costing 30,000. No additional investments were made by the owner during the period. The owner's capital balance at the end of the period is

Group of answer choices

280,000

360,000

310,000

390,000

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