Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued common stock to an inventor in exchange for his patent with a market value of $76,000. In addition, Time Travel received cash both for the issuance of 1,000 shares of its preferred stock at $120 per share and for the issuance of 16,000 shares of its common shares at $8 per share. During the first year of operations, Time Travel earned net income of $60,000 and declared a cash dividend of $25,000. Without making journal entries, determine the total paid-in capital created by these transactions.