Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $$35$ per share and the building's book value on the books of the seller was $$250,000.$

Which of the following is correct for Smith Company when Smith issues $10,000$ shares of $$10$ par value common stock and pays $$20,000$ cash in exchange for the building?

Multiple Choice

Total assets increase $$350,000.$

Stockholders' equity increases $$250,000.$

Stockholders' equity increases $$330,000.$

Total assets increase $$330,000.$