Bacon Corporation Began Business by Issuing 180,000 Shares of $5

Bacon Corporation began business by issuing 180,000 shares of $5 par value common stock for $25 per share. During its first year, the corporation sustained a net loss of $30,000. The year-end balance sheet would show

A) Common stock of $900,000.
B) Common stock of $4,500,000.
C) Total paid-in capital of $4,470,000.
D) Total paid-in capital of $930,000.