Our Chris Corp. (OCC) issued 5,000 Series 2 preference shares to a car dealer in exchange for two delivery trucks with a collective fair value of $123,000. At the date of issue, OCC's shares were trading on the stock market at $24.90 each. The directly attributable costs of issuing the shares totaled $2,000, which was accounted for using the retained earnings method. What will be the net increase in OCC's preference share account as a result of this transaction?

a) $121,000
b) $122,500
c) $123,000
d) $124,500