19. Tech Way Corporation is authorized to issue 800,000 shares of $2 par common stock. During its first six months of business, Tech Way issued 200,000 shares of the stock for cash at S5 per share, earned net income of $150,000, and paid cash dividends of $80,000. Total paid-in capital of Tech Way after six months of operations is a. $1,000,000 b. $1,070,000 c. $400,000 d. $600,000 e. $1,670,000