Q 15.33: In 2014, Prosser Incorporated conducted its initial public stock offering, selling 100,000 shares of $10 par common stock for $22 each. Later, in 2019, Prosser purchased 10,000 of these shares for $34 per share and opted to hold them as treasury stock. Then, on June 15, 2020, Prosser exchanged these 10,000 shares for a piece of property with an assessed value of $300,000. As of June 15, 2020, Prosser’s stock is actively traded and has a market price of $38 per share. Assuming Prosser uses the cost method to account for treasury stock, what amount of paid-in capital from treasury stock transactions would result from the events described above?