Next Page Question 4 (1 point) Page 4 of 5 Lisgar Corporation's shareholders' equity section at the beginning and end of 20x7 were as follows: Jan. 1. 20x7 Common shares $802,396 Retained Earnings $511,953 Dec. 31.20x7 $773,410 $631,471 The following transactions took place during the year Feb. 20: Issued 5,000 common shares for $117.174 cash August 1: Retired 19.185 common shares Dec. 31: Reported net income of $175,858 for the year How much cash did Lisgar Co. receive on the August 1 retirement of common shares? Assume the company did not declare any dividends during the year, Round to the nearest whole dollar. Your Answer: Next Page Answer Page 4 of 5