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

5.5% cumulative preferred stock, $100 par value; authorized, 20,000 shares; issued and outstanding, 10,000 shares	$ 1,000,000
Common stock, $5 par value; authorized, 360,000 shares; issued and outstanding, 216,000 shares	$ 1,080,000
Additional paid-in capital: preferred stock	$ 20,000
Additional paid-in capital: common stock	$ 1,600,000
Retained earnings	$ 930,000

Dividends have been declared and paid for Year 1.

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