Earth Publishing Inc. was recently organized. The company issued common shares to a lawyer who provided legal services of $15,000 to help organize the corporation. Earth also issued common shares to an inventor in exchange for his patent with a fair value of $80,000. In addition, Earth received cash both for the issuance of 5,900 of its preferred shares at $140 per share and for the issuance of 23,000 common shares at $27 per share. During the first year of operations, Earth earned net income of $90,000 and declared a cash dividend of $55,000. Without making journal entries, determine the total share capital created by these transactions Share capital consists of: Peferred shares: Issued for cash Common shares Issued for cash Issued for organizing the corporation Issued for patent 7 Total share capital