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

$2009$

$2008$

Common stock

$$2,000$

$$1,000$

Retained earnings

$2,000$

$2,340$

Total common equity

$$4,000$

$$3,340$

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

a$.$

Teweles had positive net income in both $2008$ and $2009,$ but the company's net income in $2009$ was lower than it was in $2008$

b$.$

The market price of Teweles' stock doubled in $2009$

c$.$

The company's net income in $2009$ was higher than in $2008$

d$.$

Teweles issued common stock in $2009$

e$.$

The company has more equity than debt on its balance sheet