When preparing the financial statements of a business, which of the following statements concerning the Equity figure found in the Balance Sheet is correct? a. It is the owners claim to the Liabilities of the entity after deducting Assets b. It is the amount owed by the entity to both outside and internal parties c. It is fixed at the amount initially contributed by Shareholders when the business was formed d. It is increased by a Net Loss during the financial period e. It is decreased by any Drawings made by the owners