AssumethatacompanyGammaTechCorp.hasanopeningbalanceofowner’sequityof£52,000asofJanuary1,2018.Thecompanyhadequityworth£14,000infusedfrominvestorsduringtheyear.Also,thecompanymadeaprofitof£34,500anddistributed£1,000intheformofdividends.Whatistheendingbalanceofowner’sequityonDec31,2018?
