On December 1, 2014, Jimmy Corporation exchanged 20,000 shares of its $10 par value common stock held as treasury shares for a delivery truck. The shares were acquired by Jimmy at a cost of $40 per share, and are accounted for under the cost method. On the date of the exchange, the common stock had a fair value of $55 per share (the shares were originally issued at $30 per share). As a result of this exchange, Jimmys total stockholders' equity will increase by

		$1,100,000.
		$ 200,000.
		$ 800,000.
		$ 900,000.
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