Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the...

Adler Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2008, the first year of the corporation's existence:Sold 5,000 shares of common stock for $18 per share.Issued 5,000 shares of common stock in exchange for a patent valued at $100,000.At the end of the Adler's first year, total paid-in capital amounted toa. $40,000.b. $90,000.c. $100,000.d. $190,000.