Ogilvie Corp. issued 26,000 shares of no-par stock for $50 per share. Ogilvie was authorized to issue 49,000 shares. What effect will this event have on the company's financial statements?

Multiple Choice

Increase assets by $2,450,000, increase equity by $2,450,000.

Increase cash flow from investing activities by $1,300,000.

Increase assets by $1,300,000, increase equity by $1,300,000.

None of these answer choices are correct.