Zigma Corporation is authorized to issue 3,000,000 shares of $2 par value capital stock. The corporation issued half the stock for cash at $5 per share, earned $366,000 during the first three months of operation, and declared a cash dividend of $50,000. The total paid-in capital of Zigma Corporation after three months of operation is:

$7,450,000.

$7,816,000.

$7,866,000.

$7,500,000.