Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 170,000 shares of $5 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity:

-Issued 51,000 shares of common stock at $7 per share.

-Issued 34,000 shares of common stock at $8 per share.

-Reported a net income of $170,000.

-Paid dividends of $85,000.

What is total paid-in capital at the end of 2021?

Multiple Choice

$799,000

$629,000.

$714,000.

$544,000.