Sunland Company was organized on January 1, 2018, with an authorization of 1310000 shares of common stock with a par value of $4 per share. During 2018, the corporation had the following capital transactions:

January 5	issued 655000 shares @ $11 per share
July 28	purchased 76000 shares @ $9 per share
December 31	sold the 76000 shares held in treasury @ $18 per share

Sunland used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2018?

a. 5269000

b. 4585000

c. 328000

d. 0

* please show formula of how you got your answer