31. May, Inc. had the following transactions in 2019, its first year of operations: Issued 20,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $19.00 per share. Issued 2000 shares of $200 par value preferred stock at par. .Earned net income of $40,000. . Paid no dividends. At the end of 2019, what is the total amount of paid-in capital? A) $820,000 B) $460,000 C) $380,000 D) $780,000