Bella Donna Company has 100,000 shares of $1 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $8 per share. On February 3, 2018, Bella Donna repurchased 3,930 shares at $7 per share for the purposes of retiring them. What will be the balance in Paid in capital in excess of par after February 3rd transaction?