Jamison Corp.'s balance sheet accounts as of December 31, 2018 and 2017 and information relating to 2018 activities are presented below.

December 31,

20182017

Assets

Cash $440,000$200,000

Short-term investments600,000

Accounts receivable (net)1,020,0001,020,000

Inventory1,380,0001,200,000

Long-term investments400,000600,000

Plant assets3,400,0002,000,000

Accumulated depreciation(900,000)(900,000)

Patent180,000200,000

Total assets$6,520,000$4,320,000

Liabilities and Stockholders' Equity

Accounts payable and accrued liabilities$1,660,000$1,440,000

Notes payable (nontrade)580,000

Common stock, $10 par1,600,0001,400,000

Additional paid-in capital800,000500,000

Retained earnings1,880,000980,000

Total liabilities and stockholders' equity$6,520,000$4,320,000

Information relating to 2018 activities:

Net income for 2018 was $1,500,000.

Cash dividends of $600,000 were declared and paid in 2018.

Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2018 for $360,000.

A long-term investment was sold in 2018 for $320,000. There were no other transactions affecting long-term investments in 2018.

20,000 shares of common stock were issued in 2018 for $25 a share.

Short-term investments consist of treasury bills maturing on 6/30/19.

106.Net cash provided by Jamison's 2018 operating activities was

a.$1,500,000.

b.$2,120,000.

c.$2,080,000.

d.$2,160,000.

107.Net cash used in Jamison's 2018 investing activities was

a.$2,320,000.

b.$1,820,000.

c.$1,680,000.

d.$1,720,000.

108.Net cash provided by Jamison's 2018 financing activities was

a.$480,000.

b.$520,000.

c.$1,080,000.

d.$1,680,000.

regarding Q108 I think Common stock, $10 par1,600,0001,400,000 should be financing activities, but it seems like correct answer is $480000 which exclude common stock $10 par... . only considering 20,000 shares of common stock were issued in 2018 for $25 a share+note pay + dividend.

I do not understand please explain why in detail thanks