On September 1, Year 1, Royal Corp., a newly formed company, had the following stock issued and outstanding: Common stock, no par, $ 1 stated value, 5,000 shares originally issued for $ 15 per share. Preferred stock, $ 10 par value, 1,500 shares originally issued for $ 25 per share. Royal€™s September 1, Year 1, statement of stockholders€™ equity should report:

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Preferred Stock Common Stock a. $ 5,000 b. 5,000 c. $75,000 d. $75.000 Additional Paid-in Capital $15,000 $37500 $37500 S15,000 S92,500 $70,000 $22,500