Acme Corporation's December $31,2025$ balance sheet reported the following:

$6\%$ preferred stock, $$20$ par value, cumulative, $30,000$ shares authorized; $20,000$ shares issued $$400,000$

Common stock, $$10$ par value, $3,000,000$ shares authorized; $1,950,000$ shares issued, $1,920,000$ shares outstanding $19,500,000$

Paid$-$in capital in excess of par preferred stock $60,000$

Paid$-$in capital in excess of par common stock $28,000,000$

Retained

earnings

$9,650,000$

Treasury stock

shares$)$

$630,000$

Acme's total paid$-$in capital was

A$)$ $$28,060,000.$

B$)$ $$47,330,000.$

C$)$ $$47,960,000.$

D$)$ $$48,590,000.$