Splish Brothers Corp. issues 5500 shares of $10 par value common stock at $13 per share. When the transaction is recorded, increases are made to:

A. Common Stock $55000 and Retained Earnings $16500

B. Common Stock $71500.

C. Common Stock $55000 and Paid-in Capital in Excess of Stated Value $16500.

D. Common Stock $55000 and Paid-in Capital in Excess of Par Value $16500.