Swifty Corporation has 100000 shares of $10 par common stock authorized. The following transactions took place during 2020, the first year of the corporations existence: Sold 20500 shares of common stock for $14.50 per share. Issued 19800 shares of common stock in exchange for a patent valued at $297000. At the end of the Swiftys first year, total paid-in capital amounted to $297250. $117000. $297000. $594250.