Presented below is information related to Oistins Corporation:

Subscriptions Receivable, Common Shares $ 240,000

Common Shares, no par value 7,620,000

Common Shares Subscribed 480,000

$ 4 Preferred Shares, no par value 2,880,000

Retained Earnings 1,800,000

The total amount that will be added to the Common Shares account when the final subscriptions are received will be

Select one:

a. cannot be determined from the information given

b. 240,000

c. 720,000

d. 480,000