If a company issues 1,000 shares of $2 par value common stock at a market price of $60 per share, which of the following is the correct balance sheet entry?

Select one:

A. Increase cash by $60,000 and increase earned capital by $60,000

B. Increase revenues by $60,000

C. Increase cash by $60,000 and increase contributed capital by $60,000

D. Increase common stock and cash by $2,000