On January 1, 2014, Dr. Beth Hill started a new professional corporation, Beth Hill P.O, practice medicine with an initial investment of $100,000 in exchange for 20,000 shares of $2 par values common stock. On June 30, 2014, the accounting records showed the following amounts: Accounts Payable $2,000 Accounts Receivable $6,200 Cash $48,100 Common stock $? Additional paid-in capital $? Office Equipment $60,000 Office Supplies $3,500 Retained Earnings $5,800 Notes Payable $10,000 Requirement: Calculate the amounts for common stock and additional paid-in capital. Prepare a balance sheet as of June 30, 2014