Blue Spruce Corporation was organized on January 1, 2020. It is authorized to issue 12,000 shares of 8%, $100 par value preferred stock, and 462,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 77,000 shares of common stock for cash at $6 per share.
Mar.	1		Issued 5,500 shares of preferred stock for cash at $110 per share.
Apr.	1		Issued 25,000 shares of common stock for land. The asking price of the land was $88,000. The fair value of the land was $84,000.
May	1		Issued 76,500 shares of common stock for cash at $5.25 per share.
Aug.	1		Issued 12,000 shares of common stock to attorneys in payment of their bill of $44,000 for services performed in helping the company organize.
Sept.	1		Issued 12,000 shares of common stock for cash at $7 per share.
Nov.	1		Issued 3,000 shares of preferred stock for cash at $112 per share.

Post to the stockholders’ equity accounts.

Prepare the paid-in capital section of stockholders’ equity at December 31, 2020.