A corporation began business by issuing 200,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $40,000. The year-end account balances would show a $1,000,000 credit balance in the Common Stock account. a $4,800,000 credit balance in the Common Stock account. a $4,800,000 credit balance in the Paid-in Capital in Excess of Par Value account. a $3,800,000 debit balance in the Paid-in Capital in Excess of Par account. O a $40,000 credit balance in the Retained Earnings account.