Company issued 600 shares of no-par common stock for $2400. Which of the following would occur if the stock has stated of $2 per share? Increase Cash for $2400 and increase Common Stock for $1200 and Paid-in Capital in Excess of Stated Value for $1200. Increase Cash and increase Common Stock for $2400. Increase Cash for $2400 and increase Common Stock $1200 and Paid-in Capital in Excess of Par $1200. Decrease Common Stock and decrease Cash for $2400