Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2018, Poodle had the following transactions relating to shareholders' equity:

Issued 30,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000.

What is total paid-in capital at the end of 2018?

	a.	$420,000.
	b.	$370,000
	c.	$470,000
	d.	$320,000