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Holden Packaging Corporation began business in 2012 by issuing 60,000 shares of $5 par common stock for $8 per share and 15,000 shares of 6%,

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Holden Packaging Corporation began business in 2012 by issuing 60,000 shares of $5 par common stock for $8 per share and 15,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2012 balance sheet, Holden Packaging would report O 1) Common Stock $600,000 2) Common Stock of $300,000. O 3) Common Stock of $480,000. O 4) Paid-In Capital of $450 800

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