All Assets and Liabilities Are Transferred to the Corporation

All assets and liabilities are transferred to the corporation.
3) The common stock is $10 par. Wilfred and Mike receive a total of 10,000 shares.
4) The partners share profits and losses in the ratio 7:3.
Based on the preceding information, the journal entry on the partnership's books to record distribution of stock to prior partners will include a debit to Mike, Capital for:

A) $38,010.
B) $31,500.
C) $42,000.
D) $44,300.