Hudson Co. compensates its executives with restricted stock. During 2014, the company granted 9,500 shares of $1 par value restricted common stock that will vest over ten (10. years. The market value of the shares was $6 at the time of the grant. What is the impact of this transaction on additional paid-in capital?
a. Increase additional paid-in capital by $47,500
b. Increase additional paid-in capital by $9,500
c. Increase additional paid-in capital by $57,000
d. Increase additional paid-in capital by $4,750
e. Paid-in capital is not impacted by this transaction.