Beamer Corp issued 100 shares of $1 par common and 100 shares of $10 par preferred stock for a total of $3,000. The market value of the common was $3/share. On the date of issuance, the journal entry included a credit to (numbers rounded to nearest whole dollar)

Select one:

Paid in capital preferred stock $1,700

Paid in capital preferred stock $-408

Paid in capital common stock $474

Paid in capital common stock $592

Paid in capital preferred stock $2,442