Bagwell's net income for the year ended December 31, Year 2 was $202,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2.

At December 31	Year 2			Year 1
Common Stock, $5 par value	$	517,000		$	465,300
Paid-in capital in excess of par		965,000			868,300
Retained earnings		705,000			597,300

Multiple Choice

• $107,700.

• $202,000.

• $96,700.

• $51,700.

• $148,400.