The Following Account Balances Were Drawn from the Financial Statements

Multiple Choice

The following account balances were drawn from the financial statements of Grayson Company: $\begin{array}{llll}\text { Cash } & \$ 6,000 & \text { Accounts payable } & \$ 2,050\\\text { Accounts receivable } & \$ 3,100 & \text { Common stock } &? \\\text { Land } & \$ 9,600 & \text { Retained earnings, } & \$ 4,300\\ && \text {January 1}\\ && \text {Revenue}& \$ 11,100 \\ && \text {Exmenses}&\$8,050\end{array}$
Based on the above information, what is the balance of Common Stock for Grayson Company?

A) $12,350
B) $9,300
C) $1,250
D) $12,000