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Table 3-1 Jones Company Financial Information December 2007. December 2008 Net income. $2000. $5000 Accounts receivable. 750. 750 Accumulated depreciation. 1000. 1500 Common stock. 4500.

Table 3-1

Jones Company Financial Information

December 2007. December 2008

Net income. $2000. $5000

Accounts receivable. 750. 750

Accumulated depreciation. 1000. 1500

Common stock. 4500. 5000

Paid-in capital. 7500. 8000

Retained earnings. 1500. 2500

Accounts Payable. 750. 750

Based on the information, assuming that no common stock was purchased during the year, the firm issued how much new common stock during 2008

A $1500

B $1000

C $2000

D $500

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