Question: Bigbee Inc. had $ 1 5 0 , 0 0 0 in cash on the balance sheet at the beginning of the year. At year

Bigbee Inc. had $150,000 in cash on the balance sheet at the beginning of the year. At year-end, the company had $225,000 in cash. We know cash flow from operating activities totaled $600,000, and cash flow from long-term investing activities totaled -$1,500,000. Furthermore, Bigbee issued $560,000 in long-term debt during the year to fund new projects and increase liquidity. If dividends paid to stockholders equaled $380,000, how much common stock did Bigbee issue during the year? (Assume that the only financing activities in which Bigbee engaged involved long-term debt, payment of dividends, and common stock.)
a. $415,000
b. $595,000
c. $795,000
d. $900,000
e. $975,000

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