Pullman Corporation had retained earnings of $2,100,000 at January 1, 2015. During the year the company experienced a net loss of $900,000 and declared cash dividends of $240,000. Determine the retained earnings balance at December 31, 2015. Select one: a. $2,760,000 b. $960,000 O C. $3,000,000 d. $1,200,000 The second level in the International Accounting Standards Board's (IASB's) Conceptual Framework Select one: a. Identifies recognition, measurement, and disclosure concepts used in establishing and applying accounting standards. b. Includes assumptions, principles, and constraints. c. Provides the elements of financial statements. d. Identifies the objective of financial reporting