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Allen-Edmonds Co, a fashion retailer, reported net income of $55 million. Allen-Edmonds Co. has no outstanding debt. Using the following information from the comparative balance

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Allen-Edmonds Co, a fashion retailer, reported net income of $55 million. Allen-Edmonds Co. has no outstanding debt. Using the following information from the comparative balance sheets (in millions), what should the company report in the financing section of the statement of cash flows in 2010 ? Select one: a. Issuance of common stock of $40 million; dividends paid of $0 million b. Issuance of common stock of $38 million; dividends paid of $0 million c. Issuance of common stock of $40 million; dividends paid of $40 million d. Issuance of common stock of $38 million; dividends paid of $40 million

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