The clothing emporium was organized on January 1, 2024. The firm was authorized to issue 120,000 shares of $9 par value common stock. During 2024, the clothing emporium had the following transactions relating to stockholders' equity:
1. 36,000 shares of common stock at $11 per share
2. 24,000 shares of common stock at $12 per share
3. reported a net income of $120,000 and dividends of $60,000
What is the total paid-in capital at the end of 2024?