Kerwin Packaging Corporation Began Business in 2010 by Issuing 30,000

Kerwin Packaging Corporation began business in 2010 by issuing 30,000 shares of $5 par common stock for $8 per share and 10,000 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, 2010 balance sheet, Kerwin Packaging would report

A) Common Stock of $300,000.
B) Common Stock of $150,000.
C) Common Stock of $240,000.
D) Paid-In Capital of $150,000.