The Income Statement for the Year 2022 of Bugati Co

The income statement for the year 2022 of Bugati Co. contains the following information: $\begin{array}{lr}\text { Revenues }&&\$73,000\\\text { Expenses: }\\\text { Salaries and Wages Expense } & \$ 43,000 \\\text { Rent Expense } & 12,000 \\\text { Advertising Expense } & 11,000 \\\text { Supplies Expense } & 6,000 \\\text { Utilities Expense } & 3,500 \\\text { Insurance Expense } & 4,000 \\\text { Total expenses }&&79,500\\\text { Net income (loss) }&&\$(6,500) \end{array}$ At January 1, 2022, Bugati reported owner's capital of $50,000. Owner drawings for the year totaled $13,000. At December 31, 2022, the company will show in the post-closing trial balance owner's capital of

A) $19,500.
B) $30,500.
C) $37,000.
D) $43,500.