Reference no: EM133102483

Question - Bishop Company had $70,000 in cash on the balance sheet at the beginning of the year. At year-end, the company had $60,000 in cash. We know cash flow from operating activities totaled $1,367,297, and cash flow from long-term investing activities totaled -$1,857,297. Furthermore, Bishop issued $335,000 in long-term debt during the year to fund new projects and increase liquidity. If dividends paid to stockholders equaled $65,000, how much common stock did Bishop issues during the year? (Assume that the only financing activities in which Bishop engaged involved long-term debt, payment of dividends, and common stock.)