Montgomery & Co., a well-established law firm, provided 470 hours of its time to Fink Corporation and received 1,000 shares of Fink's $5 par common stock in exchange for services rendered. Montgomery's usual billing rate is $680 per hour, and Fink's stock has a book value of $190 per share. By what amount will Fink's paid-in capitalexcess of par increase for this transaction?

Multiple Choice

• $316,600.

• $319,600.

• $279,700.

• $314,600.