On April 1, 2011, Hyde Corp., a newly formed company, had the following stock issued and outstanding:

• Common stock, no par, $1 stated value, 20,000 shares originally issued for $30 per share.

• Preferred stock, $10 par value, 6,000 shares originally issued for $50 per share.

Hyde’s April 1, 2011 statement of stockholders’ equity should report Common stock Preferred stock Additional paid-in capital

a. $ 20,000 $ 60,000 $820,000

b. $ 20,000 $300,000 $580,000

c. $600,000 $300,000 $0

d. $600,000 $ 60,000 $240,000