Steven Cycles manufactures and distributes motorcycle parts and supplies. Employees are offered a variety of share-based compensation plans. Under its nonqualified stock option plan, Steven granted options to key officers on January 1, 2021. The options permit holders to acquire 20 million of the company's $1 par common shares for $30 within the next six years, but not before January 1, 2024 (the vesting date). The market price of the shares on the date of grant is $30 per share. The market price of the shares on January 1, 2024 is $50 per share. The fair value of the 20 million options, estimated by an appropriate option pricing model, is $9 per option. Assume all of the options are exercised on May 11, 2025, the amount to record into Paid-in capital---excess of par would be