A corporation issued 7,100 shares of $10 par value common stock in exchange for some land with a market value of $112,000. The entry to record this exchange is:

A- Debit Land $112,000; credit Common Stock $71,000; credit Paid-In Capital in Excess of Par Value, Common Stock $41,000.

B- Debit Land $112,000; credit Common Stock $112,000. Debit Land $71,000; credit Common Stock $71,000.

C- Debit Common Stock $71,000; debit Paid-In Capital in Excess of Par Value, Common Stock $41,000; credit Land $112,000.

D- Debit Common Stock $112,000; credit Land $112,000.