Sandoz Corporation Was Organized on January 1, 2015, with Authorized

Multiple Choice

Sandoz Corporation was organized on January 1, 2015, with authorized capital of 500,000 shares of $10 par value common stock. During 2015, Sandoz issued 30,000 shares at $12 per share, purchased 3,000 shares of treasury stock at $13 per share, and sold 3,000 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2015?

A) $0
B) $3,000
C) $60,000
D) $63,000