On December 31, 2020, Combinor Company issued 300,000 shares of its no par value or stated value common stock (current fair value $6 a share) in exchange for all the outstanding common stock of Combinee Company in a statutory merger. The journal entry for the merger includes:

a.

Credit to paid in capital $1,500,000.

b.

Debit to investment in combinee company common stock $1,500,000.

c.

Credit to common stock $1,800,000.

d.

Debit to investment in combinee company common stock $2,100,000.