Need help with both please :)

S \& C Company issues 1,600 shares of common stock with a $4 par value. The issue price of the stock is $14 per share. What is the journal entry required to record the issuance of the shares? n 2022, Yumster Company determined that a production machine used in its operations was impaired and an mpairment loss of $110,000 was recognized. In 2022 , the fair value of the asset increased by $170,000 due to an inexpected resurgence in demand for the products the machine was designed to produce. How would the gain due to ncrease in fair value be recognized in 2022? A. U.S. GAAP permits the recognition of this impairment reversal as other comprehensive income. B. U.S. GAAP permits the recognition of this impairment reversal as income from continuing operations. C. U.S. GAAP allows the recognition of this impairment reversal as either income from continuing operations or as other comprehensive income, depending upon management's intent. D. U.S. GAAP does not permit recognition of gains on reversal of previous impairment loss write - downs