Castle,Inc

Castle,Inc.had the following transactions in 2017,its first year of operations:
• Issued 22,000 shares of common stock.The stock has a par value of $4.00 per share and was issued at $20.00 per share.
• Issued 1,200 shares of $160 par value preferred stock at par.
• Earned net income of $40,000.
• Paid no dividends.
At the end of 2017,what is the total amount of paid-in capital?

A) $672,000
B) $280,000
C) $440,000
D) $632,000