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Below is the equity portion (in millions) of the year-end balance sheet that a corporation has reported for the last two years: 2010 2009 $

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Below is the equity portion (in millions) of the year-end balance sheet that a corporation has reported for the last two years: 2010 2009 $ 80 $ 80 Preferred stock Common stock Retained earnings Total equity 2,000 2.000 $4,080 1,000 2.340 $3,420 The firm does not pay a dividend to its common stockholders. Which of the following statements is most correct? Statements b and c are correct. The corporation issued preferred stock in both 2009 and 2010. O None of the statements above is correct. The firm does not pay a dividend to its common stockholders. Which of the following statements is most correct? O Statements b and care correct. The corporation issued preferred stock in both 2009 and 2010. None of the statements above is correct. The corporation had positive net income in both 2009 and 2010, but the company's net income in 2010 was lower than it was in 2009. The corporation issued common stock in 2010

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