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A company had retained earnings as of 1 2 / 3 1 / 1 0 of $ 1 5 million. During 2 0 1 1

A company had retained earnings as of 12/31/10 of $15 million. During 2011, the company's net income was $7 million. The retained earnings balance at the end of 2011 was equal to $20 million. Therefore,
The company paid a dividend in 2010 of $5 million.
The company paid a dividend in 2010 of $2 million.
The company sold common stock during 2010 for $5 million.
The company purchased treasury stock in 2010 for $2 million.
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