What is total paid-in capital for Sportplace? (Assume that treasury stock does not reduce total paid-in capital.)

a. $632,300

b. $709,900

c. $643,700

d. $638,000

e. None of the above

These account balances at December 31 relate to Sportplace, Inc.:

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$ 51,700 Paid-in Capital in Excess of Par-Common.. Preferred Stock, 10%, $100 Par.. Retained Earnings Notes Receivable.... Accounts Payable.. Accounts Receivable.. Common Stock. Treasury Stock. Bonds Payable.. $240,000 81,050 313,000 5,700 3,300 85,000 71,900 12,800 ........