A company issues 10,000 shares of $10 par value common stock and 5,000 shares of $50 par value preferred stock for a lump sum of $450,000. <br/><br/>The common stock has a market value of $20/share. The preferred stock has a market value of $60/share. <br/><br/>What amount should be credited to Additional Paid-In Capital (APIC) - Common Stock?

1. **Market Values:**<br/> Common: 10,000 * $20 = $200,000.<br/> Preferred: 5,000 * $60 = $300,000.<br/> Total MV = $500,000.<br/>2. **Allocation:**<br/> Common % = 200/500 = 40%.<br/> Allocated Proceeds to Common = 40% * $450,000 (Lump Sum) = $180,000.<br/>3. **APIC Calculation:**<br/> Par Value Common = 10,000 * $10 = $100,000.<br/> APIC - Common = Proceeds ($180,000) - Par ($100,000) = $80,000.