b. Issued 8,600 shares of common stock on May 1 to acquire a factory building from Barkley Company. Barkley had acquired the building in 2013 at a price of $150,000. Utep estimated that the building was worth $175,000 on May 1, 2017. Activity Financing and Investing Accounts Building Increase, Common Stock Increase, Additional Paid-in Capital - Common Increase Statement(s) Balance Sheet only Feedback Check My Work How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Income Statement Stockholders' Assets Liabilities + Equity Revenues Expenses Building 175,000 No Entry 0 Common Stock 150,000 X No Entry 0 No Entry No Entry 0 No Entry 0 Additional Paid-In Capital - Common 25,000 X No Entry 0 No Entry C. Issued 1,400 shares of stack on June 1 tn acuire a patent. The accountant has been unable to estimate the value of the patent but has determined that Utep's common stock was selling at $25 per share on June 1. Activity Financing and Investing Accounts Patent Increase, Common Stock Increase, Additional Paid-in Capital - Common Increase Statement(s) Balance Sheet only F Check My Work How does this entry affect the accounting equation? if a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Income Statement Stockholders' + Assets Liabilities Equity Revenues Expenses Patent 35,000 No Entry o Common Stock -35,000 x No Entry 0 o No Entry 0 No Entry No Entry 07 Additional Pald-In Capital - Common 35,000 X No Entry 0 No Entry 0 F Check My Work 2. Determine the balance sheet amounts for common stock and additional paid-in capital Cammon stock 35,000 X Additional pald-in capital $ 35,000 X