Ariba Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $60,000. In addition, Ariba received cash for 2,000 shares of its $10 par preferred stock at par value and 8,500 shares of its no-par common stock at $25 per share. Without making journal entries, determine the total paid-in capital created by these transactions. The total paid-in capital created by these transactions amounts to