OM, Inc. was organized on January 1, 20X8. The firm was authorized to issue 1,000,000 shares of $2.50 par value common stock.

During 20X8, OM had the following transactions relating to stockholders' equity:

Issued 20,000 shares of common stock at $7 per share.

Issued 40,000 shares of common stock at $8 per share.

Reported a net income of $100,000.

Paid dividends of $50,000.

What is the total amount recorded in the Common Stock account at the end of 20X8?

select one:

a. $150,000

b. $-0-

c. $60,000

d. $120,000

e. $460,000