On January 1, 2020, Berger Inc. issued in one combined offering, 5,000 shares of common stock, $2 par, and 1,000 shares of preferred stock, $10 par. The total combined selling price was $100,000. Separately however, the common stock is selling at $20 per share, and the preferred stock at $25 per share. Of the total cash received of $100,000, how much will be allocated to Paid-In Capital in Excess of ParCommon Stock and to Paid-in Capital in Excess of ParPreferred Stock? Group of answer choices

PIC-Common Stock : 75,000; PIC-Preferred stock : 10,000

PIC-Common Stock : 70,000; PIC-Preferred stock : 15,000

PIC-Common Stock : 70,000; PIC-Preferred stock : 10,000

PIC-Common Stock : 75,000; PIC-Preferred stock : 5,000