Sabaa Corporation was organized on January 1, 2016, with an authorization of 5,000,000 shares of $2 par value common stock. During 2016, Sabaa 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.

Sabaa had no other transactions affecting paid-in capital. At December 31, 2016, what is the total amount of paid-in capital?

	A.	$6,180,000
	B.	$5,440,000
	C.	$6,240,000
	D.	$5,320,000