d$.$ $$160,000$

$2.$ On July $1,$ year $1,$ Cove Corp., a closely held corporation, issued $6\%$ bonds with a maturity value of $$60,000,$ logether with $1,000$ shares of its $$5$ par value common stock, for a combined cash amount of $$110,000.$ The market value of Cove's stock cannot be ascertained. If the bonds were issued separately, they would have sold for $$40,000$ on an $8\%$ yield to maturity basis. What amount should Cove report for additional paid$-$in capital on the issuance of the stock?

a$.$ $$75,000$

b$.$ $$65,000$

c$.$ $$55,000$

d$.$ $$45,000$

$3.$ Beck Corp issued $200,000$ shares of common stock when it began operations in year $1$ and issued an additional $100,000$ shares in year $2.$ Beck also issued preferred stock convertible to $100,000$ shares of common stock. In year $3,$ Beck purchased $75,000$ shares of its common stock and held it in Treasury. At December $31,$ year $3,$ how many shares of Beck's common stock were outstanding?

a$.400,000$

b$.325,000$

c$.300,000$

d$.225,000$