At the beginning of the year, Sigma Company's balance sheet reported Total Assets of 195,000 and Total Liabilities of 75,000 During the year, the company reported total revenues of 226,000 and expenses of 175,000. Also, owner withdrawals during the year totaled 48,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be: Multiple Choice 123,000. 78,000. 171,000. 120,000. 174,000.

To determine the balance in the owner's capital account at the end of the year, we need to follow these steps:1. **Calculate the Owner's Equity at the Beginning of the Year:** 75,000 = \ 51,000 \]3. **Adjust for Owner Withdrawals:** The owner's capital is affected by net income and withdrawals. Therefore, the change in owner's equity during the year is: 48,000 = \ 123,000 \]Therefore, the balance in the owner's capital account at the end of the year would be