Lancer, Inc received building with fair value of $400,000 in exchange for 30,000 shares of its $3.00 par value common stock that were being traded for $8.00 per share. The journal entry to record the issuance of the stock should include:

		A) Debit to Building, $400,000; credit to common stock, $400,000
		B) Debit to Building, $240,000 ; Credit to common stock, $400,000
		C) Credit Paid- in capital in excess of par value , $150,000 ; Debit Building , $240,000
		D) Debit Building , $90,000 ; Credit common stock , $90,000