Current Attempt in Progress Kingbird, Inc. issues 5500 shares of $10 par value common stock at $15 per share. When the transaction is recorded, credits are made to: Common Stock $55000 and Retained Earnings $27500. Common Stock $55000 and Paid-in Capital in Excess of Stated Value $27500. Common Stock $82500. Common Stock $55000 and Paid-in Capital in Excess of Par Value $27500