Question

Annie Rasmussen, capital, as of December 31, 2019, assuming that assets increased by $96,500 and liabilities increased by $30,000 during 2019.

Answer 1

Broooooooooooooo

Step-by-step explanation:

Answer 2

$606, 500

Step-by-step explanation:

Initial Capital = $540,000

Initial Capital + Increase in Assets - Increase in Liabilities

$540,000 + $96,500 - $30,000 = $606,500