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Damsel Corporation is authorized to issue 6 , 0 0 0 , 0 0 0 shares of $ 1 par value capital stock. The corporation

Damsel Corporation is authorized to issue 6,000,000 shares of $1 par value capital stock. The corporation issued half the stock for cash at $4 per share, earned $411,000 during its first three months of operations, and declared a cash dividend of $80,000. What is the amount of the total paid-in capital of Damsel Corporation after its first three months of operations?
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$12,331,000
$11,920,000
$12,411,000
$12,000,000
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