Selected accounting information regarding the Chime Corporation in 2016 follows:

Net cash provided by operating activities $900,000

Common stock issued as a result of a stock dividend (fair value) 100,000

Common stock issued for cash 400,000

Proceeds from sale of building 300,000

In 2016, Chime should report a net increase in cash of

a. $1,100,000.

b. $1,200,000.

c. $1,600,000.

d. $1,700,000