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Refer to the Financial Statement provided in the Homework folder to answer this question. What could have happened that made the Common Stock balance for

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Refer to the Financial Statement provided in the Homework folder to answer this question. What could have happened that made the Common Stock balance for Big Bang increase by $1,000,000 ? a) The stock price went up. b) The stock price went down. c) The firm issued more shares. d) The firm repurchased shares. \begin{tabular}{|l|r|r|} \hline Assets: & 2013 & 2012 \\ \hline Cash & $200,000 & $170,000 \\ \hline Accounts Receivable & 864,000 & 700,000 \\ \hline Inventories & 2,000,000 & 1,400,000 \\ \hline \multicolumn{1}{|c|}{ Total Current Assets } & $3,064,000 & $2,270,000 \\ \hline Net Fixed Assets & 6,000,000 & 5,600,000 \\ \hline Total Fixed Assets & 6,000,000 & 5,600,000 \\ \hline Total Assets & $9,064,000 & $7,870,000 \\ \hline & & \\ \hline Liabilities and Equity: & $1,400,000 & 1,090,000 \\ \hline Accounts Payable & 1,600,000 & $2,890,000 \\ \hline Notes Payable to Bank & $3,000,000 & 2,400,000 \\ \hline Total Current Liabilities & 2,400,000 & $5,290,000 \\ \hline Long-term Debt & $5,400,000 & $2,000,000 \\ \hline Total Liabilities & $3,000,000 & 580,000 \\ \hline Common Stock & 664,000 & $2,580,000 \\ \hline Retained Earnings & $3,664,000 & $7,870,000 \\ \hline Total Equity & $9,064,000 & \\ \hline Total Liabilities and Equity & & \\ \hline \end{tabular}

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