On july 1, black corporation had 200,000 shares of $10 par common stock outstanding. the market price of the stock was $12 per share. on the same date, black declared a 1 for 2 reverse stock split. the par value of the stock was increased from $10 to $20, and one new $20 par share was issued for each two $10 par shares outstanding. immediately before the reverse stock split, black's paid-in capital--excess of par account equaled $4,000,000. what should be the balance in black's paid-in capital--excess of par account immediately after the reverse stock split?