Montgomery & Company, a well-established law firm, provided580 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 $780 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's paid-in capitalexcess of par increase for this transaction?

Multiple Choice

$452,400

$447,400

$450,400

$402,400