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

Montgomery & Co., a well-established law firm, provided 590 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 $790 per hour, and Fink's stock has a book value of $340 per share. By what amount will Fink's Paid-in capitalexcess of par increase for this transaction? Show your work.

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