The following accounts appear on Logan Companys balance sheets at the beginning and end of 20X2:

1/1/X2 12/31/X2

Bonds Payable $100,000 $90,000

Treasury Stock $4,000 $2,000

Capital in excess of cost-treasury $0 $200

Common Stock $13,000 $16,000

Capital in excess of par-common $92,000 $119,000

Loss on early extinguishment of bonds payable $3,000

During the year, bonds payable were repaid, but no new bonds were issued. Treasury stock was reissued and common stock was issued, both for cash. On a statement of cash flows, what amount should be reported as cash received from the issuance of common stock during the period?

a. $30,000

b. $27,000

c. $28,000

d. $32,000

e. $3,000