Carson Packaging Corporation Began Business in 2018 by Issuing 30,000

Multiple Choice

Carson Packaging Corporation began business in 2018 by issuing 30,000 shares of $3 par common stock for $8 per share and 12,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $12. On its December 31, 2018 balance sheet, Carson Packaging would report

A) Common Stock of $360,000.
B) Common Stock of $90,000.
C) Common Stock of $240,000.
D) Paid-In Capital of $90,000.