Potts Company had $175,000 in cash on the balance sheet at the beginning of the year. At year-end, the company had $200,000 in cash. We know cash flow from operating activities totaled $1,388,225, and cash flow from long-term investing activities totaled -$1,665,115. Furthermore, Potts issued $325,000 in long-term debt during the year to fund new projects and increase liquidity. If dividends paid to stockholders equaled $145,000, how much common stock did Potts issue during the year? (Assume that the only financing activities in which Potts engaged involved long-term debt, payment of dividends, and common stock.)

a. $121,890

b. $156,890

c. $180,000

d. $240,000

e. $301,890

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