Assume that a start-up manufacturing company receives land in exchange for 10,000 shares of $1 par common stock when the common stock is trading in the market at $15 per share. The land has no readily determinable market value. The impact on the financial statements is a. an increase to land for $150,000, an increase to common stock for $150,000 b. an increase to land for $150,000, an increase to common stock for $10,000, and an increase to additional paid-in capital for $140,000 c. an increase to land for $10,000, an increase to common stock for $10,000 d. an increase to cash for $150,000, an increase to common stock for $150,000