Horry & Co., a well-established law firm, provided 550 hours of its time to Georgetown Corporation In exchange for 1, 000 shares of Georgetown's $5 par common stock. Horry's usual billing rate Is $740 per hour, and Georgetown's stock has a book value of $270 per share. By what amount will Georgetown's Paid-In capital-excess of par Increase for this transaction? $355, 700. $407, 000. $402, 000. $406, 000