"A company was incorporated with 200,000 shares of common stock with a face value of $20 par. The company issued 7,000 shares of stock in exchange for equipment that had a fair market value of $160,000. The market price of the shares on that date was $25 per share. The entry to record the transaction is: a. Equipment 140,000 Common Stock 140,000 175,000 b. Equipment Common Stock 175,000 c. Equipment 175,000 Common Stock Additional Pald - In Capital 140,000 35.000 d. Equipment 160,000 Common Stock Additional Pald-in Capital 140,000 20,000 1 POINT