Cactus Corporation has assets of $400,000 and liabilities of $200,000 at December 31, 2012. Additional shares sold during the year doubled the size of the Capital Stock Account. Cactus has never paid dividends on its shares. Retained Earnings were cut in half during 2012. The closing balance of Retained Earnings at 12/31/2012 was $100,000. This data suggests that (pick one):

The company had a net loss of $150,000 in 2012

None of the above

The company had a net loss of $100,000 in 2012

Capital stock at the beginning of the year must have been $50,000

Capital Stock at the beginning of the year must have been $200,000