Nike has 700,000 authorized shares of $2 par value common stock. The company issued 450,000 shares and has additional paid-in capital-in-excess of par value of $1,600,000. The company does not have any treasury stock. North Bend Co. declared a 15 percent stock dividend when the stock was selling for $10 per share. By how much should the Additional Paid-in-Capital account increase as a result of the stock dividend: