Ripen, Inc., issued for $$20$ per share $4,000$ shares of $$15$ par value common stock. The financial statement effect of this transaction includes:

Select one:

a$.$

An increase to Cash for $80,000$; and an increase to Common Stock for $60,000$ and an increase to Paid$-$in Capital in Excess of Par Value for $20,000$

b$.$

An increase to Cash for $80,000$; and an increase to Common Stock for $60,000$ and an increase to Retained Earnings for $20,000$

c$.$

An increase to Cash for $80,000$; and an increase to Common Stock for $80,000$

d$.$

An increase to Cash for $80,000$; and an increase to Common Stock for $60,000$ and an increase to Gain on sale of stock for $20,000$

e$.$

None of these