Zigma Corporation is authorized to issue 2,000,000 shares of $4 par value capital stock. The corporation issued half the stock for cash at $8 per share, earned $336,000 during the first three months of operation, and declared a cash dividend of $60,000. The total paid-in capital of Zigma Corporation after three months of operation is:

Select one:

a.

$7,940,000.

b.

$8,000,000.

c.

$8,336,000.

d.

$8,276,000.