Justin Organics Corp. began business in 2019 by issuing 50,000 shares of $4 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 $12. On its December 31, 2019 balance sheet, Justin Organics would report a. Common Stock of $400,000. b. Paid-In Capital in Excess of Par common stock_of $400,000. c. Common Stock of $600,000. d. Paid-In Capital in Excess of Par common stock of $200,000