Which of the following statements is correct? A. Dividends paid reduce the net income that is reported on a company's income statement. B. If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will tail. C. If a firm reports a loss on its income statement, then the retained earnings account as shown on the balance sheet will be negative D. Common equity includes common stock and retained earnings, less accumulated depreciation. E. All of the statements above are correct