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 $72,000 cash. What is the credit 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 $50 each? (Round to nearest dollar)

Select one:

a.$54,000

b.$44,000

c.$18,000

d.$60,000

e.$50,000