The balance sheet of Castle Corporation includes the following equity section: Common stock, $2 par, 80,000 shares authorized, 60,000 shares issued and outstanding ........... $120,000 Additional paid-in capitalcommon stock ....................................................................................... $371,800 Total capital stock ............................................................................................................................ $491,800 Retained earnings ........................................................................................................................... $173,000 Total equity ...................................................................................................................................... $664,800 Assume that Castle issued 25,000 shares for cash at the inception of the corporation and that the remaining 5,000 shares issued are the result of stock dividends that capitalized retained earnings of $21,600. Determine how much cash was received for the shares issued at inception