On January 1, 2020, Berger Inc. issued in one combined offering, 5,000 shares of common stock, $1 par, and 1,000 shares of preferred stock, $15 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 Par-Common Stock and to Paid-in Capital in Excess of Par-Preferred Stock? Select one: Paid-in Capital-Common Stock Paid-in Capital-Preferred Stock $80,000 $20,000 X b. Paid-in Capital-Common Stock Paid-in Capital-Preferred Stock $75,000 $5,000 Paid-in Capital-Common Stock Paid-in Capital-Preferred Stock $60,000 $20,000 d. Paid-in Capital-Common Stock Paid-in Capital-Preferred Stock $90,000 $10,000