A Company issues 1,000 shares of its $8 par value common stock in exchange for a patent. At the time of the exchange the company's common stock traded on the NYSE at a price of $22 per share. Determine the journal entry that A Company should record for this exchange.

a. Investment in common stock 22,000

common stock. 22,000

b. Patent 8,000

common stock 8,000

c. patent 22,000

common stock 22,000

d. Patent 22,000

common stock 14,000

additional paid in capital 8,000

e. none of the above