A company was organized on January 1, 2020. It is authorized to issue 242,000 shares of 5%, $10 par value preferred stock, and 116,000 shares of common stock with a par value of $2 per share. On March 1^st, the company issued 19,000 shares of preferred stock for a building. The asking price of the building was $483,000; the fair value of the building was $349,000. In the journal entry to record this transaction, how much should be recorded for Paid-in Capital in Excess of Par Preferred Stock?