Stralling, Inc. has began business in 2019, with 100,000 shares of common stock authorized. The stock has a par value of $1 per share. During 2019, Stralling entered into the following transactions.

In February, Stralling sold 50,000 shares of stock for $8 per share.

In November, Stralling issued 10,000 shares of stock in exchange for land with an appraised value of $90,000.

The shareholder who contributed the land originally paid $55,000 to acquire it several years earlier.

At the end of 2019, Stralling's total common stock plus APIC amounted to