Hi, I"m confused on if we record what we gave up or what we received? I thought it was only what we gave up if we don't know the fair value of what we received?

On March 1, 2017, Ten Company purchased equipment withe a fair value of $30,000 in exchange for 1,000 shares of Ten Company no par common stock with a fair value of $29 per share.The entry to record the transaction would include

All of the above.

A credit to gain on asset purchase for $1,000.

A credit to common stock for $29,000.

A debit to equipment for $30,000.