Vegan Company Reported the Following: ​

Vegan Company reported the following: ​
Common stock,$5 par,200,000 shares authorized,50,000 shares issued and outstanding
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What is the effect of issuing 2,000 shares of common stock in exchange for land valued by a realtor at $36,000 if the common stock sells for $12 per share and is regularly traded?

A) The Land account increases by $24,000.
B) Retained Earnings decreases by $10,000.
C) Common Stock increases by $36,000.
D) Additional Paid-In Capital-Common increases by $24,000.