Which one of the following statements is correct? Select one: O a. A statement of owner's equity summarizes changes in the owner's capital account over an accounting period O b. An income statement shows information for a specific point of time and a balance sheet shows changes over an accounting period O c. A balance sheet summarizes information concerning changes in assets, liabilities, and owner's equity over an accounting period O d. A statement of owner's equity is typically prepared before an income statement Next page