ay, Inc. had the following transactions in 2019, its first year of operations:

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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.

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Issued 2,000 shares of $200 par value preferred stock at par.

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Earned net income of $40,000.

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Paid no dividends.

At the end of 2019, what is the total amount of paid-in capital?