Joyner Co. began the year with $600,000 in assets and $350,000 in liabilities. During the year, Joyner recorded $60,000 in sales, $20,000 in expenses, and did not pay any dividends. If the company had a $200,000 increase in total assets and no change in liabilities, what was the amount of common stock that was issued during the year?

Select one:

a. $240,000

b. $200,000

c. $160,000

d. None of the answer choices

The following table summarizes Janica Corporation's purchase and sales data related to its inventory.

Assuming Westeros uses the LIFO perpetual inventory system, what is their Cost of Good Sold?

Select one:

a. $1,800

b. $980

c. $1,120

d. $960