On January 2, Year 1, Torres Corporation issued 20,000 shares of $15 par-value common stock for $22 per share. Which of the following statements is true? Multiple Choice 0 The common stock account will increase by $440,000 The cash account will increase by $300,000 Total equity will increase by $300,000 0 00 The poid-in capital in excess of par value account will increase by $140,000