At December 31, 2011, Under Armour, Inc. reported a retained earnings balance on its balance sheet of $2,000,000. At December 31, 2011, Nike, Inc. reported a retained earnings balance on its balance sheet of $3,000,000. Given this information, which of the following statements is necessarily true? a. Nike had higher net income for 2011 than Under Armour. b. Nike had more cash at December 31, 2011, than Under Armour. c. Nike has earned more net income since its inception than Under Armour. d. No conclusions can be reached on which company has more cash or more cumulative net income without more information