Corporation AXY has net sales of $250, cost of goods sold of $200, admin expenses of $20, a depreciation expense of $10, an interest expense of $70, (ZERO) tax liabilities. Dividends are 0. What effect does this have on the balance sheet? (Assume that everything is constant)

a. it has no effect on the balance sheet

b. it increases owner's equity on the balance sheet

c. it decreases owner's equity on the balance sheet

d. it decreases the market value of the assets on the balance sheet

e. it increases the market value of the assets on the balance sheet