Crane Corporation was organized on January 1, 2020, with authorized capital of 502000 shares of $10 par value common stock. During 2020, Crane issued 31400 shares at $13 per share, purchased 3400 shares of treasury stock at $13 per share, and sold 3400 shares of treasury stock at $14 per share. What is the amount of additional paid-in capital at December 31, 2020?
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