Castle, Inc. had the following transactions in 2017, its first year of operations f common stock The stock has a par value of $4.00 per share and was issued at $20 00 per share Issued 1 200 shares of $160 par value preferred stock at par Earned net income of S40 000 . Paid no dividends At the end of 2017, what is the total amount of paid-in capita? A. $632 000 B. $672 000 C. $280 000 D. $440 000