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; 196,000 shares authorized, 160,000 shares issued and outstanding	$160,000
Paid-In Capital in Excess of ParCommon	$265,000
Retained Earnings	956,000
Total Stockholder's Equity	$1,381,000

On July 1, Year 1, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $22 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of ParCommon?