Review the scenario below and then answer the questions.Braxton Co. issues 300,000 shares of $10 par value common stock to acquire Acorn Co. in a business combination.The market value of Braxton’s common stock is $15 per share.Legal and consulting fees incurred are $215,000 paid in cash.Registration and issuance costs for the common stock are $55,000.What should be recorded in Braxton’s additional paid-in-capital account for the business combination?