Sage Hill Corp. issues 4000 shares of $10 par value common stock at $15 per share. When the transaction is recorded, increases are made to:

• A. Common Stock $40000 and Retained Earnings $20000.

• B. Common Stock $40000 and Paid-in Capital in Excess of Par Value $20000.

• C. Common Stock $40000 and Paid-in Capital in Excess of Stated Value $20000.

• D. Common Stock $60000.