During 2001, its first year of operations, Nectarine Holding Company issued 8,000 shares of common stock and did not declare any dividends. It reports the following balance sheet information at the end of the year:

Cash 140,000

Accounts Receivable 73,000

Inventory 38,000

Total Assets 251,000

Accounts Payable 10,000

Common Stock 24,000

Additional Paid in Capital 88,000

Retained Earnings 129,000

Total Liabilities and Equity 251,000

Which of the following is false regarding Nectarine Holding Company?

Group of answer choices

The proceeds from issuing stock in 2001 were 112,000 dollars.

The issue price per share of common stock outstanding was 11 dollars.

The par value per share of common stock outstanding is 3 dollars.

The net income for 2001 is 129,000 dollars.