) 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 sold common stock during 2010 for $5 million.

b. ) Wheeler paid a dividend in 2010 of $5 million

c. Wheeler paid a dividend in 2010 of $2 million.