Martin Inc. was organized on January 3, 2021. The firm was authorized to issue 93,000 shares of $5 par common stock. During 2021, Martin had the following transactions relating to shareholders' equity: Issued 21,000 shares of common stock at $5.80 per share. Issued 26,000 shares of common stock at $8.50 per share. Reported net income of $110,000. Paid dividends of $46,000. What is total paid-in capital at the end of 2021?

Multiple Choice

a.) $296,800.

b.) $452,800.

c.) $345,800.

d.) $342,800.