Faith Company acquired 100% of Installed Components by issuing 200,000 shares of its $2 par value stock. The market value of the stock is $20 per share. Faith also paid $20,000 in consulting fees related to the acquisition. Faith's journal entry to record the acquisition would include:

Select one:

A. A credit to cash, $4,020,000

B. A debit to Equity Investment, $4,020,000

C. A credit to common stock, $4,000,000

D. A credit to additional paid-in-capital, $3,600,000