On December 31, 20XX, 5,000 shares of Company A's $100 par preferred stock was issued and outstanding. The preferred shares had been issued for $35,000 over their par value. In addition, 190,000 shares of the company's $1 par common stock was issued and outstanding. The common shares had been issued for $3 per share. What is the total paid-in capital reported on Company A's December 31, 20XX balance sheet? $605,000

$725,000

$1,105,000

$1,295,000