Sot given the current level of fixed assets. 4. Turf had a net income of $5 million in 2020. The firm paid no dividends. If there were no further changes to the stockholders' equity accounts, then by $5 million a. Total debt must have increased. b. The market value of the firm's stock must have decreased c. Total shareholders' equity must have decreased d. Common stock must have decreased e. Retained earnings must have increased