Zapper has beginning equity of $275,000, net income of $60,000, withdrawals of $49,000 and investments by owners of $15,000. Its ending equity is:

Ending Equity $279,000

Explanation:

Calculation for the Ending Equity

Using this formula

Ending Equity = Beginning Equity + Investments by Owners + Net Income - Withdrawals

Let plug in the formula

Ending Equity = $275,000 + $15,000 + $49,000 - $60,000

Ending Equity = $279,000

Therefore the Ending Equity would be $279,000