why does the issue of share is 45000? thanks

Question 4. (Total 20 marks) Condensed financial data of Barron Ltd appear below: BARRON LTD Comparative Statement of financial positions 31 December 2017 2016 Assets Cash Accounts receivable $ 72,000 85,000 120,000 $35,000 53,000 132,000 25,000 Inventories Prepaid expenses 19,000 Investments 75,000 Plant assets 90,000 310,000 (65.000) $631,000 Accumulated depreciation 250,000 (60,000) $510,000 Total Liabilities and Equity Accounts payable $ 93,000 29,000 Accrued expenses payable Notes payable 130,000 $75,000 24,000 160,000 170,000 81,000 $510,000 Ordinary shares 245,000 Retained earnings Total 134,000 $631,000 BARRON LTD Income Statement for the year ended 31 December 2017 Sales $480,000 Less: Cost of sales $290,000 Operating expenses (excluding depreciation) 60,000 Depreciation expense 17,000 Income taxes 15,000 Interest expense 18,000 Loss on sale of plant assets 3,000 403,000 $ 77,000 Profit after income tax Additional information: 1. New plant assets costing $85,000 were purchased for cash in 2017. 2. Old plant assets costing $25,000 were sold for $10,000 cash when their carrying amount was $13,000. 3. Notes with a face value of $30,000 were converted into $30,000 of ordinary shares. 4. A cash dividend of $24,000 was declared and paid during the year. 5. Accounts payable pertain to merchandise purchases. Required: Prepare a statement of cash flows for the year using the direct method, and a statement of non-cash activities. Net cashh used in investing activities -90000 Cashflows from Financing activities: Dividend paid -24000 Issue of shares 45000 Net cash provided from financing activities 21000 Net increase in cash 37000 Beginning balance of cash 35000 Ending balance of cash 72000