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Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 million. The retained earnings balance at the

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Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 million. The retained earnings balance at the end of 2011 was equal to $20 million. Therefore Select one: a. Wheeler paid a dividend in 2010 of $2 million b. Wheeler sold common stock during 2010 for $5 million c. Wheeler purchased treasury stock in 2010 for $2 million d. Wheeler paid a dividend in 2010 of $5 million

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