You are given the following information:

Capital Stock, $80,000 ($80 par)

Paid-In Capital in Excess of Par ValueCommon, $200,000

and Retained Earnings, $400,000

Assuming that there is only one class of stock and that all stock was issued on the same day, what was the sales price of each share?

Select one:

a.$680.

b.$80.

c.None of the above.

d.$400.

e.$280.