Percy Corporation was organized on January 1, 2021, with an authorization of 1,200,000 shares of common stock with a par value of $6 per share. During 2021, the corporation had the following capital transactions:

January5issued 600,000 shares @ $10 per share

July28purchased 80,000 shares @ $11 per share

December31sold the 80,000 shares held in treasury @ $18 per share

Percy used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of January 5, 2021?

$ 0

$1,840,000

$2,400,000

$2,960,000