Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share.
Common stock, $5 par, 100,000 shares authorized, 40,000 shares issued $200,000
Paid in capital in excess of par - common 120,000
Retained earnings 290,000
Total stockholders' equity $610,000
What would be the total paid-in capital after a 10% common stock dividend?