Blue Spruce Corporation was organized on January 1, 2020. It is authorized to issue12,000shares of 8%, $100par value preferred stock, and462,000shares of no-par common stock with a stated value of $3per share. The following stock transactions were completed during the first year.

Jan.10Issued77,000shares of common stock for cash at $6per share.Mar.1Issued5,500shares of preferred stock for cash at $110per share.Apr.1Issued25,000shares of common stock for land. The asking price of the land was $88,000. The fair value of the land was $84,000.May1Issued76,500shares of common stock for cash at $5.25per share.Aug.1Issued12,000shares of common stock to attorneys in payment of their bill of $44,000for services performed in helping the company organize.

Sept.1Issued12,000shares of common stock for cash at $7per share.Nov.1Issued3,000shares of preferred stock for cash at $112per share.

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