Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1st. It made a net income of $300,000 in the year. Amortization/depreciation expense was $250,000. Digman Co. issued additional common shares for $500,000 and borrowed $600,000 from the Bank of Toyland. It bought new plant and equipment at a cost of $1,000,000 and sold some unused land for $400,000. The cash balance on December 31st was $ 50,000 $1,100,000 None of these $1,000,000