QUESTION 13 On June 1, 2016, 4,000 shares of $20 par value common stock are issued in exchange for new equipment. Comparable equipment sells for $116,000 cash. Other shares of this class of common stock originally sold for $13 per share in 2016. The journal entry to record this exchange should debit the Equipment account for what amount? O A $104,000 B. $116,000 C. $ 80,000 OD.S-O- QUESTION 14 Lemon Company is authorized to issue 1,250,000 shares of $20 par value common stock. By November 15, 2016, the company had issued 60,000 shares at $48 per share. On November 15, 2016, the company declared a 50% stock dividend when the market price was $60 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend? A. $1,500,000 B. $1,800,000 C.$ 600,000 D. $2,500,000