The beginning balance in the Lopez, Capital account of a company was $ 13 comma 000. The revenues and expenses were $ 220 comma 000 and $ 150 comma 000 , respectively. During the year, Lopez took withdrawals of $ 5 comma 000. There were no new capital contributions during the year. The ending balance in Lopez, Capital was $ 83 comma 000.
a. True.
b. False.
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