Vaughn Corp. issues 3200 shares of $10 par value common stock at $17 per share. When the transaction is recorded, credits are made to

Common Stock $32000 and Retained Earnings $22400.

Common Stock $32000 and Paid-in Capital in Excess of Par $22400.

Common Stock $54400.

Common Stock $32000 and Paid-in Capital in Excess of Stated Value $22400.