Jordans net income for the year ended December 31, Year 2 was $195,000. Information from Jordans comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2.

At December 31	Year 2			Year 1
Common Stock, $5 par value	$	510,000		$	459,000
Paid-in capital in excess of par		958,000			862,000
Retained earnings		698,000			591,000

Multiple Choice

• $147,000.

• $51,000.

• $107,000.

• $195,000.

• $96,000.