On July 1, 2016, after recording interest and amortization, Frick Co. converted $1,000,000 of its 12% convertible bonds into 60,000 shares of $1 par value common stock. On the conversion date the carrying amount of the bonds was $1,300,000, the market value of the bonds was $1,400,000, and Frick's common stock was publicly trading at $30 per share. Using the book value method, what amount of additional paid-in capital should Frick record as a result of the conversion?