Sheridan Company has 100000 shares of $10 par common stock authorized. The following transactions took place during 2020, the first year of the corporations existence: Sold 19000 shares of common stock for $12.50 per share. Issued 21000 shares of common stock in exchange for a patent valued at $315000. At the end of the Sheridans first year, total paid-in capital amounted to $315000. $237500. $552500. $135000.