Warren Corporation was organized on January 1, 2017, with an authorization of 500,000 shares of common stock ($5 par value per share). During 2017, the company had the following capital transactions:
January 5 Issued 100,000 shares at $5 per share April 6 Issued 50,000 shares at $7 per share June 8 Issued 15,000 shares at $10 per share July 28 Purchased 25,000 shares at $4 per share December 31 Sold 25,000 shares held in treasury at $8 per share
Required: What should be the balance in the Additional paid-in capital account at December 31, 2017?