Renner Corporation's December 31, 2010 balance sheet showed the following:
8% preferred stock, $20 par value, cumulative, 20,000 shares
authorized; 15,000 shares issued $300,000
Common stock, $10 par value, 2,000,000 shares authorized;
1,950,000 shares issued, 1,930,000 shares outstanding 19,500,000
Paid-in capital in excess of par value—preferred stock 60,000
Paid-in capital in excess of par value—common stock 27,000,000
Retained earnings 7,650,000
Treasury stock (20,000 shares) 630,000
Renner’s total paid-in capital was ??