What would the following journal entry be for the following:
May 19 Issued 1,200 shares of $2 par value common stock for cash of $10.00 per share.
Jun. 3 Isssued 400 shares of $8, no-par preferred stock for $20,000 cash.
Jun. 11 Received equipment with a market value of $74,000 in exchange for 6,000 shares of the $2 par value common stock.
How much paid-in capital did these transactions generate?