Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, Year 1:

8.0% cumulative preferred stock, $100 par value; authorized, 42,000 shares; issued and outstanding, 21,000 shares $ 2,100,000 Common stock, $4 par value; authorized, 580,000 shares; issued and outstanding, 348,000 shares $ 1,392,000 Additional paid-in capital: preferred stock $ 105,000 Additional paid-in capital: common stock $ 2,700,000 Retained earnings $ 1,040,000 Dividends have been declared and paid for Year 1.

The total amount of Grant's paid-in capital at December 31, Year 1, is:

$3,280,000. $1,040,000. $6,297,000. $2,805,000.