Sheridan's Organics Corporation began business in 2020-by issuing 68000 shares of $3 par common stock...

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Accounting

Sheridan's Organics Corporation began business in 2020-by issuing 68000 shares of $3 par common stock for $9 per share and 21100 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $13. On its December 31,2020 balance sheet, Sheridan Packaging would report, a) Paid-in Capital of $204000, b) Common stock of $204000, c) Common stock of $884000, or d) Common stock of $612000.

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