8) The stockholders' equity sections of a firm's balance sheet at the beginning and end of the year 2020 are given below: 1/1/20 12/31/20 ? ? Common stock, $5 par value...... Additional paid-in-capital............ Retained earnings........ Total stockholders' equity. $ 400,000 160,000 220,000 $ 780,000 ? $ 939.000 The following events affected the stockholders' equity accounts during the year 2020: 1. Cash dividends declared and paid (July, 2020) $65,000 2. Additional common stock shares issued (October, 2020): 4,000 shares 3. Net income reported for the year 2020: $150,000 No other events affected stockholders' equity accounts during the year 2020. The source of cash from the issue of the 4,000 shares of common stock during the year 2020 was: A) $ 20,000 B) $ 39,000 C) $ 74,000 D) $159,000 E) $224,000