Berry Corporation has 100,000 shares of $10 par common stock authorized. The following transactions took place during 2020, the first year of the corporations existence: Sold 20,000 shares of common stock for $27 per share. Issued 20,000 shares of common stock in exchange for a patent valued at $600,000. At the end of the Berrys first year, total additional paid-in capital amounted to $240,000 $540,000 $740,000 $1,140,000