Sunland Corporation began business in 2020 by issuing 41000 shares of $5 par common stock for $8 per share and 4100 shares of 7%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2020 balance sheet, Sunland would report

Common Stock of $328000.

Paid-in Capital of $315700.

Common Stock of $205000.

Common Stock of $410000.

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On balance sheet Sunland corporation w... View the full answer