Nance Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized; 10,000 shares issued $ 200,000 Common stock, $10 par value, 2,000,000 shares authorized: 1,300,000 shares issued, 1,280,000 shares outstanding 13,000,000 Paid-in capital in excess of par value preferred stock 40,000 Paid-in capital in excess of par value-common stock 18,000,000 Retained eamings 5,100,000 Treasury stock (20,000 shares) 420,000 Nance's total paid-in capital was 1) $31.240.000 2) $31,660,000 3) $30,820,000. 4) $18,040,000