Bensen Company started business by acquiring $24,200cash from the issue of common stock on January 1, Year 1. The cashacquired was immediately used to purchase equipment for $24,200that had a $3,40 Bensen Company started business by acquiring \( \$ 24,200 \) cash from the issue of common stock on January 1. Year 1 . The cash acquired was immediately used to purchase equipment for \( \$ 24,200 \) 2 answers