When common stock is issued by a corporation for a cash price above par value, the excess of the cash proceeds over the par value should be reported in the financial statements as a(n): O a Addition in the Equity section Ob Subtraction in the Equity section Oic Addition in the Investments section Od Subtraction in the Investments section The following accounts appear in the ledger of Mayer Corporation on December 31 Preferred Stock Common Stock Additional Pald-in Capital, Preferred Additional Pald-in Capital, Common Retained Earnings $70,000 46,000 7,000 18,000 40,000 A balance sheet prepared on December 31 would report total stockholdets equity of O $116.000 Ob $156,000 Oc$131000 OdS141000 O $181.000