Carla Vista Corporation has 100000 shares of $10 par common stock authorized. The following transactions took place during 2025, the first year of the corporations existence: Sold 19100 shares of common stock for $12.50 per share. Issued 19800 shares of common stock in exchange for a patent valued at $297000.

At the end of Carla Vistas first year, total paid-in capital was

Select answer from the options below

$238750.

$297000.

$119100.

$535750.