14. 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?

Net Inc. + + Liab. NA + + NA Assets A. 153,000 = B. 189,000 = C. 153,000 = D. 189,000 = Stk. Equity 153,000 189,000 153,000 189,000 Rev. NA NA NA Stmt. of Cash Flows 153,000 FA 189,000 IA 153,000 IA 189,000 FA NA Exp. NA NA NA NA + + NA + + NA NA NA + + NA