The Balance Sheet for Caleb's Surf Shop Shows Current Assets

The balance sheet for Caleb's Surf Shop shows current assets of $65,000,fixed assets of $104,000,and total liabilities of $157,000.Its current assets include accounts receivable totalling $41,000.The store's current liabilities equal $67,000.Calculate owners' equity.

A) $2,000
B) $12,000
C) $41,000
D) $78,000
E) He has no owners' equity.