RKJ Company has provided the following information:

$100,000$ shares of $$5$ par value common stock are authorized

$70,000$ shares have been issued

$65,000$ shares are outstanding

The $70,000$ shares of issued common stock were issued for $$9$ per share.

Which of the following statements is correct?

Select one:

A$.$

Treasury stock is reported at $$45,000$ on the balance sheet.

B$.$

Common stock is reported at $$350,000$ on the balance sheet.

C$.$

Additional paid$-$in capital is reported at $$260,000$ on the balance sheet.

D$.$

Common stock is reported at $$630,000$ on the balance sheet.