Malcolm Corp.'s statements of financial position at December 31, 2020 and 2019 and information relating to 2020 activities are presented below:

			December 31,
			2020		2019
Assets
	Cash		$ 110,000		$ 50,000
	Temporary investments		150,000
	Accounts receivable (net)		255,000		255,000
	Inventory		345,000		300,000
	Long-term investments		100,000		150,000
	Property, plant and equipment		850,000		500,000
	Accumulated depreciation		(225,000)		(225,000)
	Goodwill		45,000		50,000
	Total assets		$1,630,000		$1,080,000
Liabilities and Shareholders' Equity
	Accounts payable		$ 415,000		$ 360,000
	Long-term note payable		145,000
	Common shares		600,000		475,000
	Retained earnings		470,000		245,000
	Total liabilities and shareholders' equity		$1,630,000		$1,080,000

Other information relating to 2020 activities: 1. Net income was $375,000. 2. Cash dividends of $150,000 were declared and paid. 3. Equipment costing $250,000, with a book value of $80,000, was sold for $90,000. 4. A long-term investment was sold for $80,000. There were no other transactions affecting long-term investments. 5. 5,000 common shares were issued for $25 a share. 6. Temporary investments consist of treasury bills maturing on June 30, 2021. The cash provided by financing activities in 2020 was

$270,000.

$130,000.

$120,000.

$420,000.