32. Porpoise Corporation acquired Sims Company through an exchange of common shares. All of Sims' assets and liabilities were immediately transferred to Porpoise. Porpoise Company's common stock was trading at $20 per share at the time of exchange. The following selected information is also available: Porpoise Company Before Acquisition After Acquisition Par value of shares outstanding $200,000 $250,000 Additional Paid in Capital 350,000 550,000 What number of shares was issued at the time of the exchange? a. 5,000 b. 17,500 c. 12,500 d. 10.000