Below is the common equity section $($in millions$)$ of Timeless Technology's last two year$-$end balance sheets:

$20212020$

Common stock $2,0001,000$

Retained earnings $2,0002,340$

Total common equity $$4,000$ $$3,340$

The firm has never paid a dividend to its common stockholders. Which of the following statements is CORRECT?

a$.$ The company has more equity than debt on its balance sheet.

b$.$ The firm had positive net income in both $2020$ and $2021,$ but its net income in $2021$ was lower than it was in $2020.$

c$.$ The company's net income in $2021$ was higher than in $2020.$

d$.$ The firm issued common stock in $2021.$

e$.$ The market price of the firm's stock doubled in $2021.$