Universal Exports had operating cash flow of $48,450. Interest paid was $2,480. A net total of $2,620 was paid on reducing long-term debt. The firm spent $24,000 on capital spending and decreased net working capital by $1,330. Dividends paid was $22,560. What is the amount of new stockholders equity that was raised? Select one: A. $1,880 B. $20,680 C. $18,020 D. $19,998 E. $5,100