Alexa Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $55,000. In addition, Alexa received cash for 4,000 shares of its $15 par preferred stock at par value and 7,500 shares of its no-par common stock at $25 per share. Without making journal entries, determine the total paid-in capital created by these transactions.
The total paid-in capital by these transactions amounts