1. A company reports a retained earnings balance of $3,000 for 2009. In 2008 the balance was $2,500.

Between those years they paid $100 in preferrred stock dividends and $200 in common dividends.

Given that information, what must have been their net income for 2009?

2. Earnings available to common stockholders are defined as net profits

	a. after taxes
	b. after taxes and preferred stock dividends (if any)
	c. after taxes minus common dividends (if any)
	d. before taxes