On June 30, Year 1, Mango, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $1 par; 191,000 shares authorized, 145,000 shares issued and outstanding $145,000 Paid-In Capital in Excess of Par-Common $280,000 Retained Earnings 940,000 Total Stockholder's Equity $1,365,000 On July 1, Year 1, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $21 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common? $280,000 $229,600 $623,800 $541,000