Sandhill Packaging Corporation began business in 2025 by issuing 61000 shares of $5 par common stock for $8 per share and 6100 shares of 6%, $10 par preferred stock for par. At year-end, the common stock had a market value of $10. On its December 31, 2025 balance sheet, Sandhill Packaging would report Common Stock of $305000. Common Stock of $488000. O Common Stock of $610000. O Paid-in Capital of $402600.