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Skysong Supply Corporation began business by issuing 2 7 0 0 0 0 shares of $ 5 par value common stock for $ 2 4

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Skysong Supply Corporation began business by issuing 270000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $52000. The year-end balance sheet would report
Common Stock of $6480000.
Common Stock of $1350000.
Total paid-in capital of $6428000.
Total paid-in capital of $5130000.
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