Caesar Company Issued 1,600 Shares of Its $2 Par Value

Caesar Company issued 1,600 shares of its $2 par value common stock for $16 per share. They will record ________ in the common stock account at par value and ________ as additional paid-in capital in excess of par-common.

A) $3,200; $25,600
B) $25,600; $3,200
C) $3,200; $22,400
D) $22,400; $25,600