Guest Corporation issued (sold) 1,000 shares of its no par common stock for $110 per share. The bylaws established a stated value of $100 per share. The transaction is recorded as an increase in contributed capital of:
a. $ 100,000.
b. $ 110,000.
c. $1,000,000.
d. $1,100,000.
e. None of the above is correct.