The following information is available for the most recent year of operations for Omega Corp.:

The net income for Omega Corp. was $40,000.

There was an increase in the additional paid-in capital account of $3,900 during the year.

The retained earnings balance changed from $80,000 at the beginning of the year to $93,000 at the end of the year.

The common stock account balance at the end of the year was $17,000. The beginning of the year balance was $14,000.

What were the total proceeds received by Omega from sales of its common stock?

Multiple Choice

• $3,000.

• $17,000.

• $6,900.

• $3,900.