A company sells 1 million shares of common stock with a par value of $0.22 for $17.00 a share. To record the transaction, the company would:

	debit Cash for $17.00 million and credit Common Stock for $17.00 million.
	debit Cash for $17.00 million, credit Common Stock for $220,000 and credit Additional Paid-in Capital for $16,780,000.
	debit Cash for $220,000, debit Capital Receivable for $16,780,000, credit Common Stock for $220,000 and credit Additional Paid-in Capital for $16,780,000.
	debit Cash for $220,000 and credit Common Stock for $220,000.