Holden Packaging Corporation Began Business in 2017 by Issuing 90,000

Holden Packaging Corporation began business in 2017 by issuing 90,000 shares of $5 par common stock for $8 per share and 20,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2017 balance sheet, Holden Packaging would report

A) Common Stock of $900,000.
B) Common Stock of $450,000.
C) Common Stock of $720,000.
D) Paid-In Capital of $675,000.