Roberts Corporation has 100,000 shares of $10 par common stock authorized. The following transactions took place during 2013, the first year of the corporation's existence:
Sold 10,000 shares of common stock for $14 per share
Issued 20,000 shares of common stock in exchange for legal services valued at $300,000
At the end of Roberts' first year, total paid-in capital amounted to:
a) $100,000
b) $140,000
c) $300,000
d) $440,000