On March 2, 2008, Ross Corporation issued 4,000 shares of 6% cumulative $100 par value preferred stock for $434,000. Each preferred share carried one nondetachable stock warrant which entitled the holder to acquire, at 417, one share of Ross $10 par common stock. On march , 2008, the market price of the preferred stock (without warrants) was $90 per share and the market price of the stock warrants was 415 per warrant. The amount of Paid-In capital of par-preferred by Ross on the issuance of the stock was; A. $0 B. $8,000 C. $34,000 D. $62,000