Carroll Corporation began business in 2016. It issued 3,000 shares of $1 par value common stock for $10 per share. Later that year, it issued another 2,000 shares of its $1 par value stock for $12 per share. Which of the following is the balance in the capital in excess of par value account at the end of 2016?

a. $50,000

b. $54,000

c. $5,000

d. $49,000

e. $3,000