8. DAE Parts Shop began business on January 1, 2022. The corporate charter authorized issuance of 20,000 no par value common shares and 5,000 $10 stated value, 5% cumulative preferred shares. DAE issued 12,000 common shares at $25 per share on January 2, 2022. What effect does the entry to record the issuance of shares have on total shareholders' equity? a.increase of $120,000 b.increase of $150,000 c.increase of $300,000 d.increase of $340,000

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Q: Thank you!

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