On March 1, Glory Corp., a newly formed company, had the following stock issued and outstanding: Common stock, no par, $1 stated value, 10,000 shares originally issued for $15 per share Preferred stock, $10 par value, 3,000 shares originally issued for $25 per share Glory Corp.'s March 1 statement of equity should report
a. Common stock $150,000; Preferred stock $75,000
b. Common stock $10,000; Preferred stock $30,000; Additional paid-in capital $185,000
c. Common stock $150,000; Preferred stock $30,000; Additional paid-in capital $45,000
d. Common stock $10,000; Preferred stock $75,000; Additional paid-in capital $140,000
