1A. Leslie Printing has net income of $26,310 for the year. At the beginning of the year, the firm had common stock of $

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1A. Leslie Printing has net income of $26,310 for the year. Atthe beginning of the year, the firm had common stock of$55,000,
paid-in surplus of $11,200, and retained earnings of $48,420. Atthe end of the year, the firm had total equity of $142,430.
The firm paid dividends of $32,500.
What is the amount of the net new equity raised during theyear?