3 Out-N-In Burgers, Inc. has provided the following information: 150,000 shares of $4 par value common stock are authorized 80,000 shares have been issued 60,000 shares are outstanding The 80,000 shares of issued common stock was issued for $8 per share. Which of the following statements is correct? A. Common Stock is reported at $320,000 on the balance sheet B. Common Stock is reported at $640,000 on the balance sheet C. Common Stock is reported at $600,000 on the balance sheet D. Out-N-In Burgers do not have any Treasury Stock E. None of the answer options is correct