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Landon Corporation issued 2.000 shares of $5 par value common stock and 400 shares of $40 par value preferred stock for a lump sum of

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Landon Corporation issued 2.000 shares of $5 par value common stock and 400 shares of $40 par value preferred stock for a lump sum of $70.000 cash. What is the cedit to Additional Paid- in-Capital.Common when the market value of the common shares is $30 each and market value of the preferred stock is 560 eoch? (Found to nearest dollan) Select one: a. 540,000 b. $44,000 c 518000 d. 560,000 e. $50,000

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