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Zigma Corporation is authorized to issue 9,000,000 shares of $2 par value capital stock. The corporation issued half the stock for cash at $5 per

Zigma Corporation is authorized to issue 9,000,000 shares of $2 par value capital stock. The corporation issued half the stock for cash at $5 per share, earned $606,000 during the first three months of operation, and declared a cash dividend of $90,000. The total paid-in capital of Zigma Corporation after three months of operation is:

$23,016,000.
$22,500,000.
$22,410,000.
$23,106,000.

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