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Aruba Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $52,000. In addition,

image text in transcribed Aruba Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $52,000. In addition, Aruba received cash for 6,000 shares of its $20 par preferred stock at par value and 8,000 shares of its no-par common stock at $45 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

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