Pop Co. owns 80% of Cool Co., common stock par value $10. On January 1, 20x1, Cool Co. issued 10,000 additional shares of common stock for $35 per share. Pop Co. acquired 8,000 of these shares. How would this transaction affect the additional paid-in capital of the parent company?

Increase it by $28,700

Increase it by $200,000

$0

Increase it by $280,000

Increase it by $250,000