On January 1, Year 1 Graham Corporation issued 200 shares of no-par common stock for $40 per share. Which of the following shows how the stock issue will affect Graham's financial statements on January 1. Year 1? Balance Sheet Income Statement Paid-in- Capital in AssetsCommon Stock Excess of Par Value A.8,000- B. 8,000 C.8,000 D. 8,000 8,000 8,000 1,000 8,000 NA NA 7,000 NA Rev NA NA NA Exp NA NA NA NA Net Inc. NA NA NA 8,000 Statement of Cash Flows 8,000 FA 8,000 IA 8,000 FA 8,000 OA 8,000