Ogilvie Corporation issued $21,000$ shares of no$-$par stock for $$50$ per share. Ogilvie was authorized to issue $44,000$ shares. What effect will this event have on the company's financial statements?

Multiple Choice

None of these answer choices are correct.

Increase assets and increase stockholders' equity by $$2,200,000$

Increase assets and increase stockholders' equity by $$1,050,000$

$$ Increase cash inflows from investing activities by $$1,050,000$