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XYZ Ltd's statement of financial position shows ordinary share capital of 150,000 and share premium of 50,000 at the beginning of a financial year. If

XYZ Ltd's statement of financial position shows ordinary share capital of 150,000 and share premium of 50,000 at the beginning of a financial year. If the ordinary share capital is 250,000 and share premium is 120,000 at the end of the financial year, how much did the ordinary share issue raise?

1.

250,000

2.

100,000

3.

370,000

4.

170,000

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