Jones Company exchanges assets to acquire a building. The market price of the Jones stock on the exchange date was $35 per share and the building's book value on the books of the seller was $250,000.

Which of the following is incorrect for Jones Company when Jones issues 10,000 shares of $10 par value common stock and pays $20,000 cash in exchange for the building?

Select one:

a. The additional paid-in capital account increases by $100,000.

b. The building account increases by $370,000.

c. Stockholders' equity increases $350,000.

d. The common stock account increases by $100,000.