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Statement of cash flows 2.Gonzalez Associates Inc. had $200,000 in cash on the balance sheet at the beginning of the year.At year-end, the company had

Statement of cash flows

2.Gonzalez Associates Inc. had $200,000 in cash on the balance sheet at the beginning of the year.At year-end, the company had $100,000 in cash.We know cash flow from operating activities totaled $525,000, and cash flow from long-term investing activities totaled -$1,150,000.Furthermore, Gonzalez issued $450,000 in long-term debt during the year to fund new projects and increase liquidity.If dividends paid to stockholders equaled $300,000, how much common stock did Gonzalez issue during the year?(Assume that the only financing activities in which Gonzalez engaged involved long-term debt, payment of dividends, and common stock.)

a.$290,000

b.$375,000

c.$420,000

d.$485,000

e.$510,000

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