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QUESTIONS Rainforest Corporation reported the following selected amounts on its comparative balance sheet: Current Assets 2019 2020 Trading Securities 59.000 55000 Available for Sale Securities

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QUESTIONS Rainforest Corporation reported the following selected amounts on its comparative balance sheet: Current Assets 2019 2020 Trading Securities 59.000 55000 Available for Sale Securities $28,000 $14,000 Stockholders Equity Common Stock is par $50.540 3147,945 Paid-in Capital inces of Par $160,33 $200,910 Paid in Capital-Share Repurchase $8.500 $13.985 Retained Earnings $315.000 $400,000 Accumulated Other Comprehensive income Unrealized Gain on Available for Sale Securities $36407 550,523 The 2020 income statement of Rainforest Corporation reports Net Income $298.463 Gain on the sale of Available for Sale Securities 57.919 Additional Information During 2020. Rainforest Corporation retired 1,000 shares of its common stock. These shares were original issued for $10 per share. No other stock is retired. There were no treasury stock transactions and no stock dividends during 2020. Alliances of common stock were in exchange for cash Required: Determine the amount to be reported on the 2020 Statement of Cash Flows as "Cash Received from issuance of Common Stock

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