At the beginning of a financial period, the balance on a business owner’s capital account was $85\,000. Over the period, the owner brought a private vehicle valued at $30\,000 into the business. Also, the owner withdrew cash drawings amounting to $15\,000. The business recorded a net loss of $22\,000 for the period. What is the balance on the capital account at the end of the period?
- A$18\,000
- B$48\,000
- C$78\,000
- D$100\,000