California Utility reported $2.3 million of retained earnings on its 2012 balance sheet. In 2013, the company lost money-its net income was -$500,000 (negative $500,000). Despite the loss, the company still paid a $1.00 per share dividend. The companys earnings per share for 2013 were - $2.50 (negative $2.50). What was the level of retained earnings on the companys 2013 balance sheet? a). 1,500,000 b). 1,600,000 c). 1,700,000 d). 1,775,000 e). 1,800,000