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Jordan's net income for the year ended December 31, Year 2 was $188,000. 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 $188,000. 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 $ 503,000 951,000 691,000 Year 1 $ 452,700 855,700 584,700 Multiple Choice $145,600 con $188.000. $95,300. $50.300

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