A company sold $300$ shares of common stock with a par value of $$1$ at a price of $$20$ per share. What is the effect of this transaction?

Increase Cash $$6,000$; Increase Retained Earnings $$6,000$

Increase Cash $$6,000$; Increase Common Stock $$6,000$

Increase Cash $$6,000$; Increase Common Stock $$300$; Increase Paid$-$In Capital $$5,700$

Increase Cash $$6,000$; Increase Common Stock $$5,700$; Increase Paid$-$In Capital $$300$