Question: ( Mandatory ) On February 2 , Year 1 , Farmer Corporation issued 9 , 0 0 0 shares of no - par stock for

(Mandatory)
On February 2, Year 1, Farmer Corporation issued 9,000 shares of no-par stock for $17 per share. Within two hours of the issue, the stock's price jumped on the New York Stock Exchange to $21 per share. Which of the following answers describes the effect of the February 2 transaction on the elements of the financial statements?
(Mandatory) On February 2, Year 1, Farmer Corporation issued 9,000 shares

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