Cheyenne Corp.s December 31, 2020 balance sheet showed the following:

6% preferred stock, $10 par value, cumulative,
40000 shares authorized; 20000 shares issued	$ 200000
Common stock, $10 par value, 4,000,000 shares authorized;
2,600,000 shares issued, 2,560,000 shares outstanding	19900000
Paid-in capital in excess of par value - preferred stock	60000
Paid-in capital in excess of par value - common stock	28000000
Retained earnings	9750000
Treasury stock (40,000 shares)	736000

Cheyenne's total paid-in capital was

$49000000.

$20660000.

$48160000.

$47320000.