A firm's balance sheets as of the December 31, 2018 and 2019 show the following items: 2018: Cash = $9,916,500; Account Receivable = $9,000,000; Inventory = $4,500,000; Gross Fixed Assets = $10,972,000; Accumulated Depreciation = $1,243,000; Retained Earnings = $1,957,500; Capital Surplus = $8,600,000; Common Stock ($0.50 par) - $4,600,000; Notes Payable - $8,921,000; Long term debt - $2,500,000; Accounts Payable = $6,657,000. 2019: Cash = $11,098,000; Account Receivable = $7,600,000; Inventory - $5,200,000: Gross Fixed Assets = $13.774,000: Accumulated Depreciation = $1,675,000; Retained Earnings = $2,866,900: Capital Surplus - $12.784,500; Common Stock ($0.50 par) $4.940,800; Notes Payable = $7.773.000: Long term debt = $1.500,000: Accounts Payable - $6.132.000. Calculate the total proceeds from sale of new shares in 2019, 2019: Cash = $11,098,000; Account Receivable = $7,600,000; Inventory = $5,200,000; Gross Fixed Assets = $13,774,000; Accumulated Depreciation - $1,675,000; Retained Earnings = $2,866,900; Capital Surplus = $12,784,500; Common Stock ($0.50 par) - $4,940,800; Notes Payable = $7,773,000; Long term debt = $1,500,000; Accounts Payable = $6,132,000. Calculate the total proceeds from sale of new shares in 2019. O $4,184,500 0 $4,525,300 0 $340,800 0 $909.400