Ask Me Help Desk - Accounting Basics - Finding the Owners Capital

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Accounting Basics - Finding the Owners Capital

Hello,

How would I find the Owners Capital in this equation?

Assets = Liabilities + Owners Capital - Owners Withdraw + revenues -expenses
71,288 = 2,260 + Owners Capital? - Owners Withdraw 14,420 + Revenues 53,085 - Expenses 28,675

I still don't understand how the teacher came up with the answer of $59,038 for the Owners Capital. Please advise. Thanks!

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