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A company issues 150 shares of $25 par preferred stock and 500 shares of $5...

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Accounting

A company issues 150 shares of $25 par preferred stock and 500 shares of $5 par common stock in a "package" sale. Total proceeds received were $19,500.
The preferred stock. had a market value of $60 per share and common stock had a market value of $22 per share at the time of the package sale.
What amount should be credited to paid in capital in excess of par (APIC) for common stock?
$8,775
$2,500
$8,225
$10,725
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