In 2020, the University Sub Shop had a net loss of $2,500. At the beginning of 2020 the University Sub Shop had equity of $17,000. In January 2020 the owners withdrew $10,000 and during the year they invested $5,000. What was the University Sub Shop's equity as of the end of 2020? Group of answer choices $9,500 $14,500 ($7,500) $12,000