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Jordan's net income for the year ended December 31, Year 2 was $185,000 Information from Jordan's comparative balance sheets is given below. Compute the cash

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Jordan's net income for the year ended December 31, Year 2 was $185,000 Information from Jordan's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2 At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $500,000 $450,000 948,000 853,000 688,000 582,000 Multiple Choice $185.000 $105.000 Multiple Choice 00 $185,000 $106,000 $95.000 $50,000 $145,000

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