On January 1,2020 , Philanth Corp. issued 4,500 of its 400,000,$1 par, common shares in exchange for land. Philanth's common stock shares are frequently and widely traded on a public exchange. On January 1 , the common shares were trading for $35 per share. However, a recent appraisal indicates that the land is valued at $155,000. Upon issuance of the common stock, Philanth would record a credit to Paid-in Capital in Excess of Par-Common Stock for $157,500$153,000$150,500$155,000