Cameron Company was incorporated on January 1, 2016. The following events apply to the company's first year of operations.

i. Issued 3,000 shares of $10 par value common stock at a market price of $25 per share.

ii. Earned $45,000 cash revenue.

iii. Incurred $30,000 of cash expenses

iv. Declared a $5,000 cash dividend

v. Paid the cash dividend declared in Event iv.

vi. Bought back 800 shares of the $10 par value common stock for $20 per share

Use the following information to answer these questions

a) Based only on this information, what is the amount of total equity that Cameron will report on its December 31,2016 balance sheet?

a. $54,000

b. $59,000

c. $69,000

d. $85,000

b) Based only on this information, what is the amount of net cash from financing activities that Cameron will report on its Statement of Cash Flows for December 31, 2016?

a. $54,000

b. $70,000

c. $85,000

d. $96,000