Sheffield Corporation's December 31, 2022 balance sheet showed the following: 7% preferred stock, $20 par value, cumulative, 49,900 shares authorized; 29,900 shares issued $589,000 Common stock, $10 par value, 1,970,000 shares authorized; 1,870,000 shares $18,700,000 issued, 1,830,000 shares outstanding Paid-in capital in excess of par- $95,000 preferred stock Paid-in capital in excess of par- common stock $23,600,000 Retained earnings $7,620,000 Treasury stock (21,600 shares) $680,400 Sheffield's total paid-in capital was