Abbies Organics Corporation began business in 2017 by issuing 50,000 shares of $3 par common stock for $8 per share and 20,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2017 balance sheet, Carson Packaging would report

common Stock of $600,000.

common Stock of $400,000.

paid-In Capital of $150,000.

common Stock of $150,000.