ZOA Ltd had the following information available: Sales Profit or loss Cash and bank 13% Loan stock Ordinary shares a $0.20 10% Preference shares @ $0.80 $ 1,250,000 (70,000) 55,000 200,000 440,000 200,000 ZOA also issued 50,000 additional ordinary shares with par value of $0.20 per share. The amount collected per share was $0.30. How much will be recorded for cash and bank in the statement of financial position? Select one: a. $75,000 b. $60,000 c. $70,000 d. $110,000