6. Pinchollow acquired all of the outstanding stock of Stonebriar by issuing 100,000 shares of its $1 par valuo stock. The shares have a fair value of $15 per sharo. Pinchollow also prid $25,000 in diroot acquisition costs. Prior to the transaction, the companies have the following balance sheets: Assets Pinchollow Stonebria Cash $ 150,000 $ 50,000 Accounts receivable 500,000 350,000 Inventory 900,000 600,000 Property, plant, and equipment (net) 1.850.000 900.000 Total assets $3.400.000 $1.900.000 Liabilities and Stockholders' Equity Current liabilities $ 300,000 $ 100,000 Bonds payable 1,000,000 600,000 Common stock ($1 par) 300,000 100,000 Paid-in capital in excess of par 800,000 900,000 Retained camings 1.000.000 200.000 Total liabilities and equity $3.400.000 $1.900.000 The fair values of Stonebrino's inventory and plant, property and equipment are $700,000 and $1,000,000, respectively, The journal entry to record the purchase of Stonebriar would include a . credit to common stock for $1,500,000 b. credit to paid-in capital in excess of par for $1,100,000, c. debit to investment for $1,500,000. d. debit to investment for $1,525,000