Below is the equity section of the balance sheet of Bottle Inc. as of December 31, 2014:

Common stock, $12 par value	$2,280,000
Paid-in capital in excess of par	1,330,000

The company only has one class of common stock and no preferred stock. What was the price of the common stock when it was first issued?

Select one:

a.

$7

b.

$19

c.

$300,833

d.

$12