On July 31, 2020, when a company’s stock was selling at $67 per share, its equity accounts were as follows:

Capital stock (par value $40; 50,000 shares issued) $2,000,000

Paid-in Capital in Excess of Par—Common Stock 600,000

If a(an) 14% stock dividend was declared and distributed, Paid-in Capital in Excess of Par—Common Stock would be ____________________.

(Note the question asks what PIC in Excess of Par - c/s is after the stock dividend, not the change in PIC in Excess of Par - c/s.)