The following account balances were drawn from the Year 1 financial statements of Grayson Company: Cash Accounts receivable Land $6,000 $3,100 $9,600 Accounts payable Common stock Retained earnings, Jan. 1 Revenue Expenses $ 2,050 ? $ 4,300 $11,100 $ 8,050 What is the balance of the Common Stock account? Multiple Choice $12,350 $1,250 $9,300 $12,000