During 2017, Fisher Inc. reported the exercise of 2,100 shares at a weighted-average exercise price of $22.87. If Fisher's stock was trading at $11.36 on January 31,2017 and $12.00 on December 31,2016 , which of the following details an impact of this transaction on Fisher's accounts? Select one: a. An increase of $48,027 to cash b. A decrease of $44,415 to additional paid-in capital c. None of these are correct. d. A decrease of $25,200 to additional paid-in capital e. An increase of $23,856 to cash Butler, Inc. paid $67,500 to retire a note with a face value of $74,700. The note was issued with an 8% coupon rate paid semiannually. The note was three years from maturity and had a net book value of $61,380. What is the net gain or loss on the redemption of the note? Select one: a. $6,120 loss b. $7,200 loss c. $7,200 gain d. $6,120 gain e. None of these are correct