
Metzger Company compiled the following financial information as of December 31, 2010:
Revenues
$140,000
Metzger, Capital (1/1/10)
70,000
Equipment
40,000
Expenses
...
(Continued below)
...
125,000
Cash
35,000
Metzger, Drawings
10,000
Supplies
5,000
Accounts payable
20,000
Accounts receivable
15,000
Metzger's owner's equity on December 31, 2010 is
$60,000.
$70,000.
$75,000.
$85,000

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