) Selected items from the financial statements for Loma Company are listed below: Paid in capital, December 31, 2014 $100,000 Retained earnings, December 31, 2014 $75.000 Common stock dividends declared in 2014 Net income for the year ended December 31, 2014 $100.000 $75,000 Loma Company has 5,000 common shares outstanding during the year. What are the earnings per share for the year ended December 31, 2014? A) $12.00 B) $15.00 C) $20.00 D) $25.00 7) Mary Company had the following data available. Paid-in capital, December 31, 2014 $43,000 Retained earnings, December 31, 2014 $27,000 Net income for the year ended December 31, 2015 $35,400 Dividends declared in 2015 $20,000 What is the balance in Retained Earnings on December 31, 2015? A) $23,400 B) $42,400 C) $52,400 D) $66,400