Brief Exercise $18-3($Algo$)$ Stock issued $[$LO$18-4]$

Brown Company issued $112,000$ shares of its $$1$ par common stock to the Mary Keim law firm as compensation for $5,200$ hours of legal

services performed. Keim's usual rate is $$210$ per hour.

By what amount should Brown's paid$-$in capital$-$excess of par increase as a result of this transaction?

Paid$-$in capital$-$excess of par