14 Kerwin Packaging Corporation began business in 2016 by issuing 60,000 ordinary shares with a $5 par for $8 per share and 15,000 preference shares of 6%, $10 par at par. At year end, the common share had a market value of $10. On its December 31, 2017, statement of financial position, Kerwin Packaging would report Share Premium-Ordinary of $300,000. Share Capital-Ordinary of $320,000. Share Capital-Ordinary of $600,000. O Share Capital-Ordinary of $300,000