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Kern Corporation was organized on January 1 , with an authorization of 5 , 0 0 0 , 0 0 0 shares of $ 2

Kern Corporation was organized on January 1, with an authorization of 5,000,000 shares of $2 par value common stock. During the year, Kern had the following common stock transactions:
Jan. 4: Issued 300,000 shares @ $16 per share.
Apr. 8: Issued 100,000 shares @ $12 per share.
July 29: Purchased 90,000 shares (treasury) @ $14 per share.
Oct. 18: Sold 60,000 shares held in treasury @ $18 per share.
Dec. 31: Sold 30,000 shares held in treasury @ $12 per share.
Kern had no other transactions affecting paid-in capital.
At December 31, what is the total amount of paid-in capital?
A. $6,240,000
B. $6,180,000
C. $5,320,000
D. $5,440,000

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