This company was incorporated as a new business on January 1, 2015. The company is authorized to issue 50,000 shares of $5 par common stock and 10,000 shares of 6%, $10 par, cumulative, participating preferred stock. On January 1, 2015, the company issued 8,000 shares of the common stock for $15 per share and 2,000 share of the preferred stock for $30 per share. Net income for the year ended December 31, 2015 was $375,000. Refer to Lanier Tech. What is the amount of the companys total capital stock at December 31, 2015? a. $60,000 b. $180,000 c. $350,000 d. $120,000