Man merged with San Corporation in a business combination in which San issued 30,000 shares of its $5 par (current fair value $20 a share) common stock to stockholders of Man in exchange for all their outstanding common stock. The journal entry for the merger includes:

a.

Credit to paid in capital in excess of par $ 600,000.

b.

Credit to paid in capital in excess of par $ 450,000.

c.

Credit to paid in capital in excess of par $ 300,000.

d.

Credit to paid in capital in excess of par $ 150,000.