On January 1, 2021, a company granted stock options to employees for the purchase of 16,000 shares. Each option allows the employees to purchase one share of the company's $10 par common stock at $29 per share. The options are exercisable during a six-year period beginning January 1, 2023 by grantees still employed by the company. The Black-Scholes option pricing model determines total compensation expense to be $450,000. The market price of common stock was $22 per share at the date of grant.

On July 1, 2025, 13,000 options were exercised when the market price of the companys stock was $39 per share. The remaining options lapsed on January 1, 2029 because executives decided not to exercise their options. What is the amount the company will record for Paid-in Capital Expired Stock Options on January 1, 2029?