the following information is from a companys comparative balance sheets:

at december 32 . 2017 2016

common stock $4 par value $260,000 . $220,000

paid in capital in excess of par . 490,000 426,000

retained earnings 510,000 485,000

net income for the year ended december 31, 2017 was $75,000

how much cash was received from the sale of its common stock during 2017?

a. $40,000

b. $64,000

c. $129,000

d. $104,000