The articles of incorporation for Western Data Logistics (Western) authorized the company to issue 10 million $1 par common shares and 2 million $40 par preferred shares. During its first year of operations, Western had the following equity-related transactions. January 1 Issued 3 million common shares for $6 per share February 5 Issued 1 million preferred shares for $42 per share March 10 Repurchased 1 million common shares as treasury stock for $10 per share March 28 Resold 500,000 treasury stock shares for $12 per share April 1 Declared a 10% stock dividend on common shares when the market price of a common share was $15 per share December 31 Declared a 2-for-1 stock split on preferred shares What amount of total Paid-in Capital would Western show on the balance sheet at December 312