On April 1, year 1, Hyde Corp., a newly formed company, had the following stock issued and outstanding:

1) Common stock, no par, $1 stated value, 20,000 shares originally issued for $30 per share.

2) Preferred stock, $10 par value, 6,000 shares originally issued for $50 per share.

Hyde's April 1, year 1 statement of stockholders' equity should report

Common stock Preferred stock Additional paid-in capital

$20,000 $60,000 $820,000

$20,000 $300,000 $580,000

$600,000 $300,000 $0

$600,000 $600,000 $240,000