JST Machinery began business in 2020 by issuing 90,000 shares of $5 par common stock for $8 per share and 20,000 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, 2020 balance sheet, JST would report Question 8 options:

Common Stock of $900,000 Common Stock of $450,000 Common Stock of $720,000 Paid-In Capital of $675,000