Suppose the Business Sector in the Flow of Funds Accounts

Suppose the business sector in the Flow of Funds Accounts issues $80 billion in new stock early in the year and then retires $50 billion in outstanding stock later, followed by selling another $40 billion in new stock just before year-end. The business sector would record what volume of new stock issues in the Flow of Funds Accounts?

A) $120 billion
B) $40 billion
C) $90 billion
D) $70 billion
E) None of the above