Multiple Choice Question 82

An analysis of stockholders' equity of Bonita Industries as of January 1, 2018, is as follows:

Common stock, par value $20; authorized 100,000 shares;
	issued and outstanding 85000 shares	$1700000
Paid-in capital in excess of par		850000
Retained earnings		769000
Total		$3319000

Bonita uses the cost method of accounting for treasury stock and during 2018 entered into the following transactions: Acquired 2460 shares of its stock for $78720. Sold 1890 treasury shares at $36 per share. Sold the remaining treasury shares at $18 per share. Assuming no other equity transactions occurred during 2018, what should Bonita report at December 31, 2018, as total additional paid-in capital?