Brief Exercise 18-3 (Algo) Stock issued (LO18-4) Lewelling Company issued 115,000 shares of its $1 par common stock to the Michael Morgan law firm as compensation for 5,500 hours of legal services performed. Morgan's usual rate is $250 per hour. By what amount should Lewelling's paid-in capital - excess of par increase as a result of this transaction? Paid-in capital-excess of par