What tomlinson packaging would report

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Problem 1: Tomlinson Packaging Corporation began business in 2014 by issuing 20,000 shares of $6 par common stock for $8 per share and 5,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2014 balance sheet, Tomlinson Packaging would report

Option 1: Paid-in Capital of $200,000.
Option 2: Common Stock of $200,000.
Option 3: Common Stock of $160,000.
Option 4: Common Stock of $120,000.

Reference no: EM132769835

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