Axle Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $50,000. In addition, Axle received cash for 6,000 shares of its $10 par preferred stock at par value and 7,000 shares of its no-par common stock at $30 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 $