Foundations Inc. follows ASPE and issues 15,000 shares on July 1 to acquire specially made machinery equipment. The appraised value of the equipment is $112,000 and the fair value of the shares issued is $7.50 per share. Foundations shares are not widely traded. Foundations should record this transaction by 

a) debiting Equipment for $112,000. 

b) debiting Common Shares for $112,000. 

c) debiting Equipment for $112,500. 

d) debiting Common Shares for $112,500.