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: $\begin{array}{llll}\text { Cash } & \$ 8,800 & \text { Accounts payable } & \$ 2,050\\\text { Accounts receivable } & \$ 3,000 & \text { Common stock } &? \\\text { Land } & \$ 16,000 & \text { Retained earnings, } & \$ 5,400\\ && \text {January 1}\\ && \text {Revenue}& \$ 19,000 \\ && \text {Exmenses}&\$14,500\end{array}$

Based on the above information, what is the balance of Common Stock for Grayson Company?

A) $15,400
B) $19,900
C) $900
D) $20,800