17. Shania Corp, issued 12,000 shares of no-par stock for $40 per share. Shania was authorized to issue 35,000 shares. What effect will this event have on the company's financial statements? a. Increase assets by $1,400,000, increase equity by $1,400,000 b. Increase assets by $480,000, increase equity by $480,000 c. Increase cash flow from investing activities by $480,000 d. None of these answer choices are correct Cc