At 30 November 2023, Wandigo Ltd had the following capital structure:

In January 2024, the company made a 1-for-4 rights issue at a price of 85p per share. The rights were fully taken-up. Then, in May 2024, the company made a 1-for-10 bonus issue using the share premium account. What figure will appear in respect of proceeds from issue of shares in the statement of cash flows for the year ended 30 November 2024?

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Share capital (500,000 ordinary shares of 25p each) Share premium account 125,000 376,000