A public company issues 10,000 shares on November 1 to purchase equipment with a value of $ 72,000. Assume the company's shares are actively traded with a value of $7 per share. Which statement is true? Select one: O a. A gain on sale is credited for $2,000 0 b. Equipment is debited for $72,000. 0 c. Common Shares is credited for $ 70,000. Od. Contributed Surplus is credited for $2,000.