Our Chris Corp. (OCC) issued 5,000 Series 2 preferred 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 preferred share account due to this transaction?

a.$121,000

b.$124,500

c.$123,000

d.$122,500