Brumfield, Inc. issued 5,000 shares of $1 par common stock for $30 per share. In addition to the increase in cash, what effect does this transaction have on Brumfields accounting equation?

	a.	Common stock increases $5,000 and Retained earnings increases $145,000.
	b.	Common stock increases $5,000 and Paid-in capital in excess of par increases $145,000.
	c.	Common stock increases $150,000.
	d.	Common stock increases $5,000 and the Gain on stock issuance increases $145,000.