AA Aluminum Corporation began its business in 2018 and issued 500,000 shares of Php 10 par common stock for Php 12.5 per share and 50,000 shares of 6%, Php 15 par preferred stock for par. At year-end, the common stock is currently selling at Php 15 per share. What would Aluminum Corporation report on its December 31, 2018 balance sheet?

a) Common Stock of Php 7,500,000

b) Common Stock of Php 6,250,000

c) Common Stock of Php 5,000,000

d) Paid-in Capital of Php 2,500,000