Starr Corporations December 31, 2007 Balance Sheet showed the following:

8% preferred stock, $20 par value, cumulative, 20,000 shares

authorized; 10,000 shares issued $200,000

Common stock, $10 par value, 2,000,000 shares authorized;

1,300,000 shares issued, 1,280,000 shares outstanding 13,000,000

Paid-in capital in excess of par value preferred stock 40,000

Paid-in capital in excess of par value common stock 18,000,000

Retained earnings 5,100,000

Treasury stock (20,000 shares) 420,000

Starrs total paid-in capital was

	A.	$18,040,000.
	B.	$31,240,000.
	C.	$31,660,000.
	D.	$30,820,000.