Question: Here is selected financial statement data regarding a company's stockholders' equity. Balance Sheet: Dec. 31, 2018 Dec. 31, 2017 Preferred stock $ 4,000,000 $ 4,000,000

Here is selected financial statement data regarding a company's stockholders' equity.

Balance Sheet: Dec. 31, 2018 Dec. 31, 2017
Preferred stock $ 4,000,000 $ 4,000,000
Common stock 700,000 350,000
Paid-in capital in excess of par value - preferred stock 900,000 900,000
Retained earnings 620,000 525,000

In the statement of cash flows, the financing activities section should show a cash receipt for "issuance of common stock" for $ ?

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