Century Corporation issued 400,000 shares of $4 par value common stock at the time of its incorporation. The stock was issued for cash at a price of $16 per share. During the first year of operations, the company sustained a net loss of $100,000. The year-end balance sheet would show the balance of the Common Stock account to be:

Select one:

a.

$1,500,000.

b.

$6,300,000.

c.

$1,600,000.

d.

$6,400,000.