The Collins Corporation Stockholders' Equity Section Includes the Following What Was the Total Amount Preferred Stock Was Sold For

The Collins Corporation Stockholders' Equity section includes the following: $\begin{array} { | l | r | } \hline \text { Preferred Stock } & \$ 12,000 \\\hline \text { Common Stock } & 15,000 \\\hline \text { Paid-in Capital in Excess of Par-Preferred } & 2,700 \\\hline \text { Paid-in Capital in Excess of Par-Common } & 4,100 \\\hline \text { Retained Earnings } & 8,200 \\\hline\end{array}$ What was the total amount preferred stock was sold for?

A) $12,000
B) $14,700
C) $16,100
D) $20,200