Guest Corporation issued (sold) 1000 shares of its no parcommon stock for $110 p

Guest Corporation issued (sold) 1000 shares of its no parcommon stock for $110 per share. The bylaws established a statedvalue of $100 per share. The transaction is recorded as an increasein contributed capital of a. $ 100000. b. $ 110000. c.$1000000. d. $1100000. e. None of the above is correct.