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Bagwell's net income for the year ended December 31, Year 2 was $194,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash
Bagwell's net income for the year ended December 31, Year 2 was $194,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. 112 At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $509,000 $ 458,100 957,000 861,100 697,000 590,100 Skipped Multiple Choice o $106,900. o $95,900. o $146,800. o $194,000. $50,900
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