On January 2, Year 1, Torres Corporation issued 16,000 shares of $12 par-value common stock for $16 per share. Which of the following statements is true?

• The common stock account will increase by $256,000.

• The cash account will increase by $192,000.

• Total equity will increase by $192,000.

• The paid-in capital in excess of par value account will increase by $64,000.

I know the answer is The paid-in capital in excess of par value account will increase by $64,000. But can someone please demonstrate the math for me?