Authorized Shares Delta Corp. issues 4,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to a. Common Stock $40,000 and Paid-in Capital in Excess of Stated Value $16,000 b. Common Stock $56,000. C. Common Stock $40,000 and Paid-in Capital in Excess of Par $16,000, d. Common Stock $40,000 and Retained Earnings $16,000. In Die to a cash shortage, an agreement Trimately $4.000