Question $28$

A corporation was organized in January $2026$ with authorized capital of $$10$ par value

common stock. On February $1,2026,$ shares were issued at par for cash. On March $1,$

$2026,$ the corporation's attorney accepted $7,000$ shares of common stock in settlement for

legal services with a fair value of $$90,000.$ Additional paid$-$in capital would increase on

February $1,2026-$ No; March $1,2026-$ Yes

February $1,2026-$ No; March $1,2026-$ No

February $1,2026-$ Yes; March $1,2026-$ No

February $1,2026-$ Yes; March $1,2026-$ Yes