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Over the past year a corporation experiences a total $100,000 increase in their shareholders' equity...

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Accounting

Over the past year a corporation experiences a total $100,000 increase in their shareholders' equity accounts. Which of the following scenarios offers the best explanation for this increase? Select answer from the options below 10,000 preferred shares were sold at the market price of $3.40 each, and 60,000 common shares were sold at the market price of $1.10 each. 10,000 common shares were converted into 5,000 preferred shares. the market price of the common shares went down by $0.20. equipment with a fair market value of $100,000 was purchased on account

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