Travel Plus Publishing was recently organized as a corporation. The company issued common stock to an attorney who provided legal services worth $27,000 to help with the incorporation. They also issued a common stock to an inventor in exchange for her patent with a market value of $83,000. in addition the new corporation received cash both for the issuance of 6000 shares of its preferred stock at $110 per share and for the issuance of 22,000 of its common shares at $6 per share. during the first year of operations Travel Plus earned net income of $80,000 and declared a cash dividend of $27,000.
Determine the total paid-in capital created by these transactions.