3. (TCO E) Berry Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2010, the first year of the corporation's existence: sold 5,000 shares of common stock for $20 per share; and issued 5,000 shares of common stock in exchange for a patent valued at $100,000. At the end of the Berry's first year, the additional paid-in capital amounted to (Points : 6)

$40,000.

$90,000.

$100,000.

$190,000.