Adcock Corporation Began Business by Issuing 300,000 Shares of $5

Adcock Corporation began business by issuing 300,000 shares of $5 par value common stock for $24 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 $1,500,000.
B) Common stock of $7,200,000.
C) Total paid-in capital of $7,170,000.
D) Total paid-in capital of $5,700,000.