Use the following statement of stockholders' equity to answer the following questions about

Matthew

Corporation:

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Matthew Corporation

Statement of Stockholders' Equity

For the Year Ended December 31, 2021

Common Stock $3 Par

Additional Paid-in Capital

Retained Earnings

Treasury Stock

Total Stockholders' Equity

Balance, December 31, 2020

$30,000

$12,000

$185,000

$(27,000)

$200,000

Issuance of stock

96,000

600,000

696,000

Net income

84,000

84,000

Cash dividends

(21,000)

(21,000)

Purchase of treasury stock

(13,000)

(13,000)

Sale of treasury stock

10,000

6,000

16,000

Balance, December 31, 2021

$126,000

$622,000

$248,000

$(34,000)

$962,000

Question content area bottom

Part 1

Requirement 1. How much cash did the issuance of common stock bring in during

2021?

The cash brought in by the sale of common stock in 2021 was