The bank balance of a limited company was $\$ 390000$ before the following transactions took place.
1 An issue of 500000 new shares of $\$ 0.50$ each was made at a premium of $\$ 0.25$ per share.
2 A debenture for $\$ 100000$ was repaid.
3 A bonus issue of 100000 shares of $\$ 0.50$ each was made.
What was the bank balance after these transactions?
1 )
$\$ 540000$
$\$ 665000$
3 )
$\$ 715000$
4 )
$\$ 865000$
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