As of 01-01-19, Sara Corporation is authorized to issue an additional 750,000 shares of its $1 par value common stock. As of 01-01-19, Sara's additional paid-in-capital account was $34,500,000. During 2019, Sara entered into the following transactions:

1) Issued 200,000 shares of common stock at $22 per share, less $12,000 of stock issuance costs

2) Issued 5,000 shares of common stock for land appraised at $110,000. Sara's stock is actively traded on a national stock exchange and on the date of the stock/land exchange, one share of Sara's stock's traded at $20

3) Purchased 10,000 shares of treasury stock at $19 per share. This was Sara's first treasury stock purchase. Sara uses the cost method to account for treasury stock transactions

After accounting for these transactions, what will be the. balance in Sara's additional paid-in-capital account?