Holden Packaging Corporation began business in 2017 by issuing 96000 shares of $5 par common stock for $8 per share and 25000 shares of 9%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2017 balance sheet, Holden Packaging would report

A.) Common Stock of $960000.

B.) Common Stock of $480000.

C.) Common Stock of $768000.

D.) Paid-In Capital of $735000.