Pharoah Corporation began business in 2017 by issuing 54000 shares of $5 par common stock for $6 per share and 5400 shares of 8%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2017 balance sheet, Pharoah would report

A	Common Stock of $270000.

B	Paid-in Capital of $475200.

C	Common Stock of $540000.

D	Common Stock of $324000.