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[The following information applies to the questions displayed below.] Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2018:

[The following information applies to the questions displayed below.] Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2018:

6% cumulative preferred stock, $100 par, 10,000 shares authorized, 6,000 shares issued $ 600,000
Common stock, $3 par, 500,000 shares authorized, 300,000 shares issued and outstanding $ 900,000
Additional paid-in capital: preferred stock $ 60,000
Additional paid-in capital: common stock $ 1,900,000
Retained earnings $ 1,090,000
Dividends have been declared and paid for 2018.

The total amount of Grant's paid-in capital at December 31, 2018, is:

Select one:

a. $1,960,000.

b. $3,460,000.

c. $1,090,000.

d. $3,050,000.

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