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Kedzie Corporation was organized on January 1, 2019, with an authorization of 5,000,000 shares of $2 par value common stock. During 2019, Kedzie had the

Kedzie Corporation was organized on January 1, 2019, with an authorization of 5,000,000 shares of $2 par value common stock. During 2019, Kedzie had the following common stock transactions:

Jan. 4: Issued 300,000 shares of common stock @ $16 per share.

Apr. 8: Issued 100,000 shares of common stock @ $12 per share.

July 29: Purchased 20,000 shares of common stock for the Treasury at $10 / share

Kedzie had no other transactions affecting common stock during the year.

What will be the reported amount of Common Stock and APIC-CS, respectively, on the Company's December 31, 2019 Balance Sheet?

Select one:

a. 6,000,000; 0

b. 760,000; 5,040,000

c. 800,000; 5,200,000

d. 600,000; 5,200,000

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