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

$$

$2012$

$$

$2011$

Common share

$$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 shareholders. Which of the following statements is correct?

Select one:

a$.$

Teweles issued common stock in $2012.$

b$.$

The company's net income in $2012$ was higher than in $2011.$

c$.$

The market price of Teweles's stock doubled in $2012.$

d$.$

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