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Smith Company exchanges assets to acquire a building. The market price of the Smith stock...

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Accounting

Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $38 per share and the bullding's book value on the books of the seller was $215,000.
Which of the following is correct for Smith Company when Smith issues 10,000 shares of $10 par value common stock and pays $21,500 cash in exchange for the butlding?
Murtiple cholce
Total assets Increase $380,000.
Stockholders equity increases $215.000.
Total assets increase $350.500.
stocknoiders' equity increases $358.500.
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