Abbie’s Organics Corporation began business in 2014 by issuing 50,000 shares of $3 par common stock for $8 per share and 20,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2014 balance sheet, Carson Packaging would report a. Common Stock of $600,000.

b. Common Stock of $150,000.

c. Common Stock of $400,000.

d. Paid-In Capital of $150,000.