Montgomery & Co., a well-established law firm, provided 520 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Montgomery's usual billing rate is $780 per hour, and Fink's stock has a book value of $320 per share. By what amount will Fink's Paid-in capitalexcess of par increase for this transaction?

Multiple Choice

• $404,100.

• $405,600.

• $322,400.

• $400,600.