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Montgomery & Co., a well-established law firm, provided 590 hours of its time to Fink Corporation and received 1,000 shares of Fink's $5 par common

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Montgomery & Co., a well-established law firm, provided 590 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 $720 per hour, and Fink's stock has a book value of $350 per share. By what amount will Fink's pald-in capital- excess of par Increase for this transaction? Multiple Choice $419,800 $421,300 $424.800 $379.300

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