Question: Question 20 (5 points) Glean & Co., a well-established law firm, provided 500 hours of its time to Video Corporation in exchange for 1,000 shares

Question 20 (5 points) Glean & Co., a well-established law firm, provided 500 hours of its time to Video Corporation in exchange for 1,000 shares of Video's $5 par common stock. Glean's usual billing rate is $700 per hour, and Video's stock has a book value of $250 per share. By what amount will Video's paid-in capital-excess of par increase for this transaction? A) $300,000 O B) $345,000 O C) $295,000 OD) $350,000

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