Karloff Corporation Issued 25,000 Shares of $10 Par Value Common

Karloff Corporation issued 25,000 shares of $10 par value common stock at $30 per share. As a result of this transaction, Karloff Corporation's:

A) Paid-in Capital in Excess of Par Value increased by $750,000
B) Paid-in Capital in Excess of Par Value increased by $250,000
C) Common Stock increased by $750,000
D) Common Stock increased by $250,000