Pina Colada Corporation began business in 2020 by issuing 47000 shares of $5 par common stock for $7 per share and 4700 shares of 7%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2020 balance sheet, Pina Colada would report

A. Common Stock of $329000

B. Paid-in Capital of $361900

C. Common Stock of $470000

D. Common Stock of $235000.