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Mambo Corporations December 31, 2020 balance sheet showed the following Shareholder Equity: Paid in Capital: 8% preferred stock, $20 par value, cumulative $ 150,000 Common

Mambo Corporations December 31, 2020 balance sheet showed the following Shareholder Equity:

Paid in Capital:

8% preferred stock, $20 par value, cumulative

$ 150,000

Common stock, $10 par value

500,000

Additional Paid-in capital in excess of parP/S

200,000

Additional Paid-in capital in excess of parC/S

900,000

Total Paid In Capital

1,750,000

Retained Earnings

2,000,000

Total Shareholders' Equity

$ 3,750,000

A 12% common stock dividend is declared when the market price is $16. Right after the declaration, the additional Paid-in capital in excess of par - C/S will be ___________.

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