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