Kim, Inc. issued 8,000 shares of stock at a stated value of $10 per share. The total issue of stock sold for $15 per share. The journal entry to record this transaction would include a
a. debit to cash for $80,000
b. credit to common stock for $80,000
c. credit to paid-in capital in excess of par value for $40,000
d. credit to common stock for $120,000