The income statement of a coloration for the month of November indicates a net income of $90,000. During the same period, $100,000 in cash dividends were paid. Which of the following is true? The business incurred a net loss $10,000 during the month. O The retained earnings was reduced by a net amount of $10,000. O Liabilities increased by $10,000. O The business realized a deferred gain of $10,000