From the given balance sheet, what is the calculated equity for the business as of December 31?

To determine the equity calculated from a balance sheet, one typically uses the accounting equation, which states that assets equal liabilities plus equity. Therefore, equity can be derived by rearranging this equation to equity equals assets minus liabilities.

In this case, if the answer is $11,000, it signifies that the assets of the business amounted to $11,000 more than its liabilities. This indicates a healthy financial status, where the company has sufficient assets to cover its liabilities, providing a buffer for creditors and serving as a strong indicator of the company's overall financial health.

If the other answer choices reflect different equity amounts, they would suggest either a higher or lower calculation of assets against liabilities, which could indicate various financial conditions of the business. For example, a lower equity figure could suggest higher liabilities or lower asset values, which could raise concerns about liquidity and financial stability.

In summary, the choice of $11,000 as equity indicates a positive financial standing, calculated accurately from the available asset and liability figures on the balance sheet as of December 31.