On its 2018 Balance Sheet, Sherman Books had retained earnings equal to $750 million. However, on its 2019 Balance Sheet, retained earnings had decreased to $625 million. IF the companys NOI for 2019 was -$50 million, then the company most likely:

a. paid out dividends of $125 million in 2019.

b. paid out dividends of $75 million in 2019.

c. paid out dividends of $175 million in 2019.

d. could not have paid out any dividends in 2019 because it had negative earnings.