If beginning capital was $170,000, ending capital is $93,000, and the owner's withdrawals were $19,000, the amount of net income or net loss was:

A) net income of $77,000.
B) net income of $58,000.
C) net loss of $58,000.
D) net loss of $77,000.

Ending Capital

The total value of an entity’s equity at the end of an accounting period after accounting for income and withdrawals.

Beginning Capital

The amount of capital at the start of an accounting period, forming the basis for measuring capital growth or reduction over that period.

Owner's Withdrawals

Amounts of money or other assets that the owner takes out of the company for personal use.