Ahmed Shop started the year with total assets of $100,000 and total liabilities of $50,000. During the year, the business earned revenues of $200,000 and incurred expenses of $100,000. Ahmed made no capital contributions during the year, but did make withdrawals of $75,000. Calculate the amount of increase/decrease in Ahmed's equity for the year. Select one: O a. $25,000 Increase b. $60,000 Decrease O c. $65,000 Increase Od. $115,000 Increase