Tandem Corporation issued 200,000 shares of $2 par value capital stock at date of incorporation for cash at a price of S7 per share. During the first year of operations, the company earned $80,000 and declared a dividend of $25,000. At the end of this first year of operations, the balance of the Common Stock account is $400,000 $1,400,000 O $1,480,000 $1,455,000