11-1A (Algo) Stockholders' equity transactions and analysis LO P1 Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Transaction a. General Journal Debit Credit Cash 270,000 Common Stock, $25 Par Value 230,000 Paid-In Capital in Excess of Par Value, 40,000 Common Stock b. Organization Expenses 190,000 Common Stock, $25 Par Value 127,000 Paid-In Capital in Excess of Par Value, 63,000 Common Stock C. Cash 43,500 Accounts Receivable 16,500 Building 82,200 Notes Payable 60,000 Common Stock, $25 Par Value 52,200 Paid-In Capital in Excess of Par Value, 30,000 Common Stock d. Cash 130,000 Common Stock, $25 Par Value 80,000 Paid-In Capital in Excess of Par Value, Common Stock 50,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? Answer is complete but not entirely 2. Number of outstanding shares 3. Total paid-in capital 20,260X $ 692,500