Leslie Printing Has Net Income of $26,310 for the Year

Leslie Printing has net income of $26,310 for the year.At the beginning of the year,the firm had common stock of $55,000,paid-in surplus of $11,200,and retained earnings of $48,420.At the end of the year,the firm had total equity of $142,430.The firm does not pay dividends.What is the amount of the net new equity raised during the year?

A) $1,500
B) $2,500
C) $2,700
D) $48,420
E) $48,310