Arilla, Co., recently organized. The company issued common stock to an attorney in exchange for his patent with a market value of \($52,000.\) In addition, Arilla, Co., received cash for 1,000 shares of its \($60\) par preferred stock sold at par value and for 30,000 shares of its no-par common stock sold at \($15\) per share. Retained Earnings at the end of the first year was \($88,000.

Requirement\) 1. Without making journal entries, determine the total paid-in capital created by these transactions.