A company has $749,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 33 shares of $5 par value common stock. On August 31, 2021, the holders of these bonds exercised the conversion privilege. The unamortized bond discount at the date of conversion was $21,000. The company should record Paid-in Capital in Excess of Par by $_________ as a result of this conversion.