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Below is the common equity section (in millions) of Timeless Technologys last two year-end balance sheets: 2015 2014 Common stock 2,000 1,000 Retained earnings 2,000

Below is the common equity section (in millions) of Timeless Technologys last two year-end balance sheets:

2015 2014
Common stock 2,000 1,000
Retained earnings 2,000 2,340
Total common equity $4,000 $3,340

The firm has never paid a dividend to its common stockholders. Which of the following statements is CORRECT?

Group of answer choices

The market price of the firm's stock doubled in 2015

The company has more equity than debt on its balance sheet

The companys net income in 2015 was negative

The firm had positive net income in both 2014 and 2015, but its net income in 2015 was lower than it was in 2014

The firm didnt issue new common stock in 2015

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