What if last year the Andrews Corporation

What if last year the Andrews Corporation issued 206,800 shares at $124.00 per share. The effect on the balance sheet would have been:

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•  Common Stock increased $25,643,200; Retained Earnings decreased $25,643,200.

•  Cash increased $25,643,200; Common Stock decreased $25,643,200.

•  Cash increased $25,643,200 Common Stock increased $25,643,200.

•  Retained Earnings increased $25,643,200; Cash increased $25,643,200.