When a company issues 32,000 shares of $4 par value common stock for $40 per share, the journal entry for this issuance would include:

a) A debit to Additional Paid-in Capital for $128,000

b) A credit to Additional Paid-in Capital for $1,152,000

c) A credit to Common Stock for $1,280,000

d) A debit to Cash for $128,000