10) On December 2, 2024, Chase, Inc. purchased furniture for its new office. In payment for the furniture, Chase, Inc. issued 8,000 shares of common stock with a $5 par value. The furniture has a market value of $44,000. The total increase in stockholders' equity from this transaction would be A) $40,000 B) $44,000 C) $8,000 D) $84,000 E) none of the above 10) On December 2, 2024, Chase, Inc. purchased furniture for its new office. In payment for the furniture, Chase, Inc. issued 8,000 shares of common stock with a $5 par value. The furniture has a market value of $44,000. The total increase in stockholders' equity from this transaction would be A) $40,000 B) $44,000 C) $8,000 D) $84,000 E) none of the above