Ogilvie Corporation issued 30,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 53,000 shares. What effects will this event have on the company's financial statements?

A. Increase assets by $2,120,000, increase stockholders' equity by $2,120,000

B. Increase assets by $1,1200,000, increase stockholders' equity by $1,200,000

C. increase cash flow from investing activities by $1,200,000

D. None of these answer choices are correct.