The extract balance sheet of Hall Ltd showed the following:

$2022$

$2023$

Debentures $12\%$

$650,000$

$520,000$

Share capital $1$ each

$920,000$

$1,620,000$

During the year to $31$ December $2023,130,00012\%$ debentures were converted to $130,000$ ordinary shares. In addition, the company made a bonus issue of shares of $300,000.$ Finally, a new issue of $270,000$ ordinary shares of $1$ each was made at a premium of $0\mathrm{.}75$ per share.

The cash flow from financing activities is:

$300,000$

$472,500$

$602,500$

$130,000$